7,000 Americans jobless after more layoffs!

Home Depot closes EXPO retail sites leaving 7,000 workers without jobs. – JusticeNewsFlash.com top stories for New York employment rights lawyers

New York, NY (JusticeNewsFlash.com)–Home Depot, the nation’s number one home improvement store, announced the closure of 34 EXPO Design Center stores. The closure of this division of Home Depot, over the next two months, will leave 7,000 employees without a job.

As reported in CNN Money, the company claims EXPO has been under performing. EXPO Design Center’s targeted customers needing custom design, high-end home upgrades and big ticket decor projects. According to company executives, 5,000 workers for the high-end retail side of Home Depot and up to 2,000 support staff employees, will lose their jobs. The number one home improvement retailer also stated EXPO hadn’t done very well during the recent housing boom. With the current faltering housing market, the massive economic slump in consumer spending, and lack of home remodeling sales retailers, like Home Depot, Lowe’s and other home improvement stores, may continue to suffer.

Home Depot also announced on Monday a salary freeze for all officers and is expecting to report an 8% sales drop for the year by the end of this month.

It's only fair to share...Pin on PinterestTweet about this on TwitterShare on LinkedInShare on Google+Share on FacebookEmail this to someonePrint this page

About the Author Justice Seeker

Heather L. Ryan, R.N., C.L.N.C- Heather Ryan is a Certified Legal Nurse Consultant with 15 years of experience in the health care industry. Her expertise in reviewing medical records and assisting lawyers with the determination as to whether legal action should be taken provides an invaluable asset to the newsroom. Medical-malpractice, products liability, personal injury and workers’ compensation are some of the recent areas of litigation Ms. Ryan has focused her efforts on. A member of the Florida Justice Association, Heather maintains a long list of certifications and credentials to support her areas of expertise and stays up-to-date with her clinical knowledge working as an emergency room/trauma nurse, at a Level 1, Adult/Pediatric trauma and teaching institution in South Florida.