January 27, 2009

Home Depot at risk for job cuts

Europeans and Americans take another hit in the job market. Another round of job cuts on Monday that effects several industries. Several companies said Monday morning they could cut a total of 45,000 jobs, The New York Times reported today.

The cuts announced included Caterpillar, Sprint Nextel and Home Depot.

Home Depot has locations in Williston, Bennington, and Rutland. A Brattleboro store closed last year.

Read the full story on The New York Times

Your local connection
Of the 7,000 Home Depot employees that will be laid off, 5,000 are with Home Depot's EXPO business which is being cut. None of these locations are in Vermont.

Home Depot's Williston, Bennington, and Rutland stores are in the division facing 2,000 jobs cuts. Home Depot declined to disclose how many people work at the three Vermont stores.

"We are not breaking out specifics," said Home Depot spokeswoman Jen King. "I can tell you that this will not impact any customer facing positions in our Home Depot stores and we do not have any plans to close Home Depot stores."

The job cuts at Home Depot's stores will reduce the headcount "in administrative functions in the Company's store support centers. These support reductions will impact approximately 2,000 associates and will result in a 10 percente reduction in the Company's officer ranks," the company said in press released today.

Author: verified_user