Wednesday, May 07, 2008

Several Firms Set Layoffs in Texas


Several companies have recently disclosed pending layoffs in Texas, including a number involving more than 100 workers apiece, according to regulatory filings.

Citigroup, the nation's largest bank by assets, notified the Texas Workforce Commission in a letter received Tuesday that it will cut 125 jobs by closing an office in the Fort Worth suburb of Bedford.

Citigroup plans to cut at least 4,200 jobs this year and close eight branches in Texas and 11 in other states as part of a restructuring under new Chief Executive Officer Vikram Pandit.

Silver Line Building Products LLC, which makes vinyl windows at a plant in Garland, told the commission last week that it will begin cutting 251 jobs around June 30. The company is "substantially" reducing production at the plant and expects the layoffs to be permanent.

Dallas Woodcraft Co. said it will close its Dallas plant and eliminate 119 jobs on June 30. The company made products for Home Interiors & Gifts Inc., which sells decorating accessories through home parties but had seen its sales fall by more than half in four years, and it filed for bankruptcy protection last week.

Another Home Interiors division, Laredo Candle, said it would lay off 77 workers in Webb County on June 30.

Also, Origen Financial LLC said it will cease Texas operations and close its office in Fort Worth on July 1 and cut 96 jobs.

In El Paso, Millennium Plastics Technologies LLC indicated it would cut 185 jobs on June 30.

Accenture LLP plans to cut 95 jobs in the Houston area on July 1.

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