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Citing economic downturn in real estate and construction, Skidmore, Owings & Merrill reduces staff.
PR Newswire
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November 16, 1990
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COPYRIGHT 1990 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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CITING ECONOMIC DOWNTURN IN REAL ESTATE AND CONSTRUCTION,
SKIDMORE, OWINGS & MERRILL REDUCES STAFF
NEW YORK, Nov. 16 /PRNewswire/ -- Citing the increasing slowdown in the national economy, particularly in the real estate development and construction industries, Skidmore, Owings & Merrill today announced that it had reduced its workforce by roughly 10 percent from 1,207 to 1,074, effective immediately.
Specifically, the partners of the firm have decided to reduce the workforce in the firm's four principal offices, located in Chicago, ...
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