Home Depot holding off on Second Vallejo (CA) Store

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The company announced it will close its EXPO and YardBIRDS stores, but that no "orange box" Home Depot stores are closing, said spokeswoman Kathryn Gallagher.

Nevertheless, the firm will lay off about 7,000 employees -- about 2 percent of its total workforce, she said. About 5,000 of those impacted are with the firm's high-end decor Expo business and 2,000 are in support functions, she said.

Those workers are being encouraged to explore other jobs in the company, and the ones who aren't placed will receive an enhanced severance package, Gallagher said.

Home Depot is also initiating a salary freeze among all officers, though the company is keeping its compensation and rewards programs, she said.

"It's important to point out that none of these actions will impact any customer-facing positions in our traditional Home Depot stores," Gallagher said. "No Home Depot associates are losing jobs and no Home Depot stores are closing."

During the next couple of months, the company will close 34 EXPO stores, including 12 in California, five in Florida and three in New York.

Two stores each in Georgia, Illinois, Maryland and New Jersey, and one each in Arizona, Massachusetts, Missouri, Tennessee, Texas and Virginia will also close.

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Source: Times-Herald

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