DETROIT - Facing a grim housing market, Pulte Homes Inc. said Tuesday that it is cutting about 16 percent of its work force, or about 1,900 jobs, as part of a restructuring.
Pulte, one of the nation's leading homebuilders, said the restructuring will save an estimated $200 million a year before taxes.
"The homebuilding environment remains difficult, and our current overhead levels are structured for a business that is larger than the market presently allows," Richard J. Dugas Jr., president and chief executive, said in a news release.
Pulte said it expects to take pretax charges of $40 million to $50 million for the restructuring, mostly in the second quarter of …
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