Wednesday, November 7, 2007

Beazer Home Builder reduces....

"Home builder Beazer reported this week that it cut 650 positions -- or 25 percent of its workforce, in October . Since peaking in March 2006, the company's workforce has been slashed by about 50 percent "through reductions in force and attrition," the company reported this week. The company referred to the major layoff and dramatic downsizing in workforce as "recent headcount reductions."
Meanwhile, an investment group that works with pension funds sponsored by affiliates of a group of unions that collectively represent about 6 million members is asking for another head to roll at Beazer: that of the CEO and president....." Inman News blog

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