Ace lays off 20 at Oak Brook facility
OAK BROOK -- Ace Hardware Corp. confirmed Wednesday it has cut 20 employees at its Oak Brook headquarters, effective immediately. The jobs were in "various support areas of the company," it said in a statement. The hardware store cooperative cited the "soft economy and lackluster housing market" for a slowdown in sales. Ace employs about 1,000 workers in Oak Brook. Ace has also been shaken by a $152 million accounting mistake discovered last year but an investigation found no wrongdoing.
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