"Pulte Homes, which announced plans eight months ago to slash its nationwide work force by 16 percent, is cutting 55 jobs in the Washington and Baltimore areas, about 20 percent of its local work force.
The Bloomfield Hills, Mich.-based homebuilder says it has consolidated its Baltimore and Washington operations under one management team, with the most of its local work force to be concentrated at its Fairfax offices. It will keep sales and support staff in both Washington and Baltimore, according to Pulte spokeswoman Melanie Hearsh.
Lou Baker, president of Pulte's Maryland division, will oversee both markets. Pulte will still have about 230 area employees.
Pulte Homes lost $787.9 million in the third quarter, compared to $191.5 million in profits in the same quarter a year ago. The company's orders fell 37 percent. It will report fourth quarter results Jan. 31."
Tuesday, January 22, 2008
Posted by Harriet at 10:24 AM