Masco Corp. said today it will slash 8,000 jobs—about 16 percent of its domestic labor force—due to a weak housing market.
Masco, based in Taylor, Mich., owns Delta Faucet Co., which is headquartered in Carmel and operates a large faucet manufacturing plant in Greensburg southeast of Indianapolis.
About 1,000 of the layoffs will be white-collar positions, according to a Bloomberg report. The job cuts will be implemented by the end of March. Masco reported a $187 million loss in the fourth quarter, its first loss in five years.
Masco also manufactures Behr paint.