Slowdown In Construction Is Not Having An Effect?

Slowdown In Construction Is Not Having An Effect?

Stock Building Supply will be laying off a total of 3,500 people as the decline in construction is filtering, although slowly, through the economy. These layoffs are all in the Raleigh-Durham area and should have a significant effect in an area that has endured continual layoffs.

The Triangle Business Journal stated that a previous announcement originally called for 2,000 layoffs but was increased to 3,500. Ferguson, the plumbing division of Wolseley plc the owner of Stock Building Supply, also annouced layoffs of 500 in Virginia.