Stock and Ferguson feel pinch

June 2008
Home Channel News;6/16/2008, Vol. 34 Issue 7, p8
The article focuses on the plans of Wolseley Group PLC, a Great Britain-based parent company of Ferguson and Stock Building Supply, to reduce the operating costs of its subsidies operating in the U.S. The plans arise due to the continuous housing market slowdown in the country. Executives at Wolseley announces their plans to focus on cost reduction and cash flow enhancement of its subsidies through further restructuring, branch closures, layoffs, and selective asset disposals.


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