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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowMasco 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
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.
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