When will it end! Another distributor shuts location and lays off staff!

Industrial distributor announces further cost-cutting measures, reducing headcount by 11 percent and closing its Dallas distribution center
Victoria Fraza Kickham -- Industrial Distribution, 4/7/2009 3:04:34 PM
In an effort to further reduce costs, Des Plaines, Ill.-based distributor Lawson Products will cut 150 employees, or 11 percent of its workforce, and close its Dallas distribution center by the end of the second quarter.
The news follows the previously announced closing of Lawson's Charlotte, N.C., distribution facility.
The cuts will cost between $5.5 and $7 million and are expected to generate $10 million to $12 million in annual savings, according to statements filed with the Securities and Exchange Commission in late March.