84 Lumber to make further cuts
84 Lumber said it is cutting about 40 positions at its headquarters due to the slumping housing market.
Employees were notified Friday, with some having been offered different positions. The cuts are to employees at the company’s headquarters in Eighty Four, Pa. The company has seen the number of employees at its corporate headquarters fall in the past year to approximately 650 from about 800 employees.
According to 84 Lumber spokesperson Jeff Nobers, the approximately forty positions affect 25 people, some being offered other positions.
Because of a slumping housing market, 84 Lumber laid off further employees this year, including 26 employees at its corporate headquarters in June.
84 Lumber is in the second year of its three-year strategic growth plan, announced in April 2006, geared to making the company a $10 billion sales organization by the end of 2009. However, 2006 sales were flat at $3.92 billion compared to sales in 2005.
Last week, the pro dealer held grand opening celebrations of four new locations across the country, with simultaneous events in Oregon, Louisiana, Florida and Utah.