Module X Solutions lays off dozens of employees
SHREVEPORT, LA (KSLA) - Dozens of employees at Module X Solutions in Shreveport arrived at work Tuesday morning only to be sent home with pink slips.
Steve Schoonover, CEO of the 750,000 square foot facility, confirms with KSLA News 12 that 20 percent of the workers were laid off which is about 35 hourly and salaried employees.
Schoonover says he hopes to hire the "highly skilled workers back" after a court battle over the building's bankruptcy.
Just last June, the company announced a 357-job expansion.
The City of Shreveport owns the building that houses Modular X Solutions in the 600 block of Benton Kelly Street.
The building was the former home of Beaird Company. In 2008, the city terminated its agreement with Beaird as the company continued to struggle financially. Hundreds of workers lost their jobs as a result.
MB Industries moved in soon after, but that company eventually went bankrupt.
In June 2014, Gov. Bobby Jindal and Module X Solutions announced the company would join the existing tenant MB Industries LLC at the City of Shreveport-owned industrial property with Module X Solutions chiefly manufacturing modular buildings for the telecommunications sector and MB Industries producing protective building systems for the industrial, government, commercial and residential markets.
Last year, the company promised 357 new jobs in addition to the 100 workers already employed by MB Industries.
Module X Solutions said it would hire 274 new employees by the end of 2015 and complete hiring for all 357 new positions in 2019.
But Schoonover says the company only hired 50 and 35 of those were laid off this week.
According to Schoonover, when MB Industries went bankrupt, Hallwood Financial put a hold on the building preventing any new business from coming in for Modular X Solutions. Because the building has been held up for the past several months, Schoonover says the company had to layoff dozens of employees.
Just two weeks ago, the building was reportedly released from hold meaning the company can now bring in new contracts.
Schoonover also says he hopes to hire all 357 employees he promised in the news conference last year including rehiring those who were laid off.
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