Delta Faucet parent to cut 8,000 jobs

Indianapolis Business Journal

Wednesday, February 14, 2007 7:25 AM

IBJ Staff

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.

Greensburg's Delta Faucet plant officials say no plans for future local layoffs

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Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR