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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
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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