A lot of tears in West Des Moines right now. Regency Homes is laying off employees as a result of the housing crisis. I'm told it's 103 employees. That's on top of the 26 the company let go in January. A letter handed out at the company warned of "deep layoffs". It didn't mention bankruptcy. It said, "our (Regency's) debt outweighs our current obligations."
No comment from Regency yet.
Friday, April 25, 2008
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