“In the last year, the building industry has faced challenges with the decline in housing starts and a significant fall in lumber prices,” Stegeman said. “As a result of more challenging market conditions, an efficiency program has been implemented at all operating companies throughout the Wolseley group. Wolseley is focused on a sustainable growth strategy throughout the 27 countries in which they operate.
“In November, Stock Building Supply, Wolseley’s North American building products company, announced they would reduce headcount by more than 10%.” (See story in Supply House Times January 2007, page 6, or visit the archived article ”Wolseley Cuts Jobs At Stock,” free registration required.)