Home Depot Cutting Up to 100 Jobs
Feb. 12, 2004
ATLANTA (AP) _ The Home Depot plans to cut as many as 100 jobs in its finance division as part of a streamlining effort, the company said Thursday.
The cuts, to be completed by April, will occur at the company's Atlanta headquarters, which has 5,000 employees, spokesman Jerry Shields said.
The cuts are being made as part of a reorganization of the company's financial operations group, which includes payables and operations support, Home Depot said.
Overall, the nation's largest home improvement store chain has 300,000 employees.
Laid-off employees will receive assistance and be allowed to apply for jobs elsewhere in the company, Shields said.
In trading Thursday on the New York Stock Exchange, shares of Home Depot were down 26 cents to close at $36.57.
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