Highway Technologies terminates 80 employees in Fort WorthMay 28, 2013
Highway Technologies of Houston terminated more than 180 jobs throughout the state, including 80 at its Fort Worth location.
The terminations, announced in a letter to the Texas Workforce Commission, follow the Houston-based company’s filing for protection under Chapter 11 of the U.S. Bankruptcy Code on May 22. The company makes highway barriers.
A message on the company’s website says: “While the Company had been working diligently to either sell the business or obtain much needed financing in order to remain open, regrettably such efforts were unsuccessful. The cessation of normal operations and subsequent filing, will allow the Company to preserve remaining value for its creditors while it pursues the sale of Company assets, either piecemeal or on a turnkey—intact branches—basis through private sales and auctions.”
The company’s Fort Worth facility is located at 7200 Jack Newell Blvd South.