USG Corp. reported net sales of $1.3 billion and net losses of $40 million for the second quarter of 2008. A year ago, USG reported $1.4 billion net sales and $56 million net earnings.
In April, USG eliminated 500 salaried positions as part of its workforce reduction plan, bringing the number of employees laid off to 1,750 since the start of the housing crisis. This is part of USG's effort to be more internally efficient, especially because sales have fallen in the last few years.