Home Based Business Expo

Are we heading for a Depression?

Is this just another example of how badly the country is doing, thanks to the republicans.

Home Depot to cut 7,000 jobs, close Expo chain

(30 minutes ago)

ATLANTA (AP) — Home Depot Inc. says it's cutting 7,000 jobs and closing its smaller Expo chain as the recession continues to batter the nation's housing market.

The nation's largest home improvement retailer says the cuts announced Monday morning will affect about 2 percent of its work force.

Under the plan, the Atlanta-based retailer will close its 34 Expo Design Centers, five YardBIRDS stores, two Design Center stores and a bath remodeling business that has seven locations. Those stores will close in the next two months.

Its core Home Depot stores won't be affected.

The company also plans to shed 2,000 non-store jobs and freeze the pay of its officers.

Home Depot will record a $532 million pretax charge in the fourth quarter related to the closures and layoffs.

Typo was made with the last question!

If the government doesn't quit giving money to companies that are going under at the same time they give out bonuses we will be in a depression. I.E. Merrill Lynch took 20 billion in bailout money and gave out 15 billion in bonuses. Why give someone a bonus who obviously wasn't doing their job?

Home Based Business Expo Ventura August 8 2009 Invitation

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This entry was posted by Harrison on January 27, 2010 at 4:18 am, and is filed under Home Based Business. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site.

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