Stock Building Supply lays off 81 at Raleigh HQ - Triangle Business Journal:

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Included in the cuts were a mix ofworkera – some veterans with more than 20 years on the job, otherzs younger employees who’d seen the onetime national building-materials supplier pass through acquistion, court-supervised reorganization and substantialk downsizing. “These are just part of the tough decisione the company had to make to move says Stock spokeswomanGiovanna Konicke. Layoff s took place June 26 atthe firm’a corporate headquarters in the Brier Creek Corporatwe Center II building at 8020 Arco Corporate One longtime worker said he was given a severancwe package, but he declined to elaborate.
“I’mn not bitter about it,” says the who didn’t want to be identified. “Ik wish them all the best goingt forward.” Stock reported the 81 figure in a Workerr Action and Retraining Notification postef Tuesday with the North Carolinaz Departmentof Commerce. Stock, which employesd roughly 18,000 workers at well over 250 branch locationsd nationwide during the housing boomin 2006, emerge d from Chapter 11 reorganization July 1.
The plan put forth by the firm’e new owner, private equity firm of Los called for a much leaner organization Stock withabout 5,000 workers who will move forward concentrating on 19 key markets, includingv the Triangle, Charlotte and the Piedmont Triad in Northh Carolina. Gores, which agreed to recapitalize the company and extend ita $125 millioh line of credit, purchased 51 percentg of Stock from U.K.-based in May. Wolseley retains a 49 percenr stakein Stock.