Wolseley to Lay Off 1,300 More Workers in U.S.
UK-based Wolseley plc will be laying off 1,300 more workers in the U.S. in its second quarter; the global building materials and plumbing distributor reduced headcount by 1,700 in the three months ended Oct. 31, 2007.
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In total to date, layoffs represent a third of Stock Building Supply workforce and 10% of the Ferguson work force.
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Globally, the company is also working to reduce indirect costs, is realigning its management structure and reestablishing priorities in the businesses for the current year.” The roles of Chief Business Development Officer and Chief Operations Officer are being eliminated.  ;
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North American revenue was down 10% (3% in constant currency), and profit was down 30% (25% in constant currency).
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Overall …
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