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THE OPUS GROUP CUTS 200 POSITIONS NATIONWIDE

MINNEAPOLIS — As a result of deteriorating market and economic conditions in the commercial real estate development industry, Minneapolis-based The Opus Group has eliminated a total of approximately 200 positions nationwide. The job cuts are occurring in all five independent operating companies, which include Opus North Corp., Opus Northwest, Opus East, Opus South Corp. and Opus West Corp. The cuts represent about 10 percent of Opus’ 2,100-person staff, and some geographical locations will experience more eliminations than others. In addition to the layoffs, each company under the Opus name is continuing to implement a variety of measures to conserve cash, consolidate functions and become more operationally efficient.

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