GRANITE CONSTRUCTION INCORPORATED SAYS IT WILL LAY OFF ABOUT 13 PERCENT OF IT’S SALARIED WORKFORCE. THAT MEANS THAT 227 EMPLOYEES WILL BE LAID-OFF. GRANITE CONSTRUCTION SAYS IT WILL PAY THOSE WORKERS MORE THAN 10 MILLION DOLLARS IN SEVERANCE AND BENEFITS-RELATED COSTS.
AS PART OF ITS ENTERPRISE IMPROVEMENT PLAN, THE COMPANY IS ALSO REVIEWING CERTAIN UNDERPERFORMING ASSETS (AND INVESTMENTS), FOR POSSIBLE CLOSURE AND/OR DIVESTITURE.
