Pulte to Cut 1,900 Jobs
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Pulte said it expects to take pretax charges of $40 million to $50 million for the restructuring, mostly in the second quarter of 2007.
Pulte reported losses of $85.7 million, or 33 cents a share, and revenue of $1.9 billion in the first quarter of 2007. It earned $262.6 million for the same period last year, or $1.01 per share, on revenues of $3 billion.
It had about 11,900 workers before the cuts, down from 12,400 employees in 2006 and 13,400 in 2005.
"At the conclusion of this reorganization, we expect to employ just over 10,000 people," Pulte spokesman Mark Marymee said in an e-mail message