LoginIt appears as if the recent economic downturn has caught up to one Ohio-based cabinet maker.
Kraftmaid, whose parent company is Masco Corporation, has announced it was planning to cut another 175 jobs in Middlefield and Orwell, according toe the Plain Dealer.
Masco had said in recent months that its cabinet sales division has been suffering from falling sales since the housing slump began in 2006. The company said since 2008, cabinet sales have decreased by nearly 50 percent.
Kraftmaid employed as many as 4,000 workers at the two Ohio plants. After this latest round of layoffs, its workforce will be down below 1,200.
The housing news, however, is not as bleak in Massachusetts, where Suffolk Construction was recently awarded a contract to build a new residential luxury high-rise in Boston, according to Citybizlist.
Suffolk has already broken ground on the Washington Street tower, which will include 381 luxury rental apartments and retail space in the city's Theater District. The new project is expected to bring 400 new jobs to the city. This is the second luxury-style project by Suffolk to be built in the area.