LayoffBlog.com

December 11, 2008

Furniture Brands cuts workforce by 15 percent

According to Reuters: “Furniture Brands International Inc said on Thursday it would cut its workforce by 15 percent, or about 1,500 jobs, to cut costs as it faces softer sales in the recession.”

“St. Louis-based Furniture Brands, whose brands include Broyhill, Thomasville and Lane, has been trying to revamp its business by consolidating its U.S. plants and exiting store leases.

U.S. furniture companies have been reeling from a lingering sales decline amid the collapse of the housing market, and the credit crunch has only exacerbated problems.”

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: