HD Supply to cut 350 jobs, close branches
There are 1 comment on the The Business Journal of the Greater Triad Area story from Dec 15, 2009, titled HD Supply to cut 350 jobs, close branches. In it, The Business Journal of the Greater Triad Area reports that:
HD Supply Inc. , which The Home Depot Inc. sold in 2007, plans to cut about 350 employees as its losses mount.
Join the discussion below, or Read more at The Business Journal of the Greater Triad Area.
#1 Dec 16, 2009
Home Depot cutting additional Jobs and customer service.
The company now plans to consolidate 25 branches and cut 350 senior employees to trim its costs, it said.
HD Supply noted a loss of $267 million in the third quarter and a loss of $346 million on the year. Sales dipped 27 percent to $1.9 billion in the third quarter and fell 27 percent on the year to $5.8 billion.
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