Falling lumber and structural panel prices have
led to the recent decision to close an additional 24 branches of Stock Building
Supply, primarily in the Midwest.
Wolseley plc (Reading, England) said that falling lumber
and structural panel prices have led to its recent decision to close an
additional 24 branches of Stock Building Supply (Raleigh, N.C.), primarily in
the Midwest. About 370 workers will be affected.
In March, the company announced it
would close 22 Stock branches, and said that employee numbers had been reduced
by nearly 4,500 (25 percent of total employees) between June 2006 and March
2007.
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