11/20/2008

Several companies in the industrial distribution sector have announced layoffs and closures in the face of the weak economy. Wolseley plc subsidiary Stock Building Supply Co. will close additional locations in Nevada, Idaho and South Carolina, according to news reports, which would bring the company's total to 30 closures as part of a major restructuring previously announced by Wolseley. Elsewhere in the industry, Praxair laid off 60 workers at its technology center in Tonawanda, N.Y., a local TV news station reported.

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