Closures & Layoffs, 11/30-12/6/08

The latest of Mark Heschmeyer’s weekly reports on corporate downsizing, from CoStar.

This week’s report, succinctly and aptly named “Sheeeeet!” focuses on the collapse of new housing construction, including its effects on sheetrock and wallboard manufacturers.

Plus, layoffs at Citigroup, Chase Home Lending, Conagra, Electronic Arts, International Paper, and many other major U.S. corporations across the country.

Read the full report.

Heschmeyer also writes a weekly report on the real estate property and credit markets, which includes a list of property loans in danger of default. This week’s issue begins:

“When companies preemptively announce that there is nothing to worry about, it’s
a good bet that there is a lot of worrying going on.”

Words of wisdom that apply well beyond the real estate market, to be sure.

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