The Institute of Wood Science (IWSc) is considering merging with another professional body following a “difficult” year.
The institute released a statement after IWSc council of management member John Park told about 160 traders at the London Softwood Club’s Christmas lunch that the institute was not viable in its current state as a limited company.
TTJ understands that the IWSc’s main income streams – membership and the taking of examinations – have been under pressure, with particularly a lack of corporate membership and people becoming members after taking exams.
IWSc chief executive officer Duncan King confirmed a merger was being considered and said the IWSc, like other organisations, had experienced a “difficult” year.
For more on this story see this week’s issue of TTJ
