IRVING, Texas — Devcon Security plans to shut down its 23,000-square-foot facility here next month, nearly 18 months after opening the operations center, reports the Dallas Business Journal.
In a letter addressed to the Texas Workforce Commission, the Hollywood, Fla.-based company stated that it is “undergoing some internal restructuring,” resulting in the closure of Devcon’s Irving operations. As a result, the firm will lay off all 197 employees working at the branch.
Devcon is currently working on helping displaced employees find new opportunities through job fairs and resume assistance programs.
The news is in stark contrast to the company’s outlook a year ago, when it boasted 53 branch offices in 21 states with 1,050 employees and was seeking to add another facility in the Dallas-Fort worth area, according to DBJ.
In March, Devcon announced industry veteran Richard Ginsburg as its new CEO, only to replace him three weeks later with Steve Hafen.
Other Recent News
May 16, 2013
To meet growing security and communications demands for its customers in the Pacific Northwest area, systems integrator Omaha, Neb.-based G4S Technology has opened a regional office in Seattle.
May 9, 2013
In an effort to help increase security for the Indianapolis 500 and the OneAmerica 500 Festival Mini-Marathon, the owners of Koorsen Fire & Security (KFS) and Koorsen Security Technologies (KST) have donated a $20,000 mobile security camera system to the city of Indianapolis.
May 9, 2013
The National Systems Contractors Association (NSCA) will launch a new conference series designed for mid-level managers that will focus on business training, networking and manufacturer training.
May 9, 2013
Elite Security was the big winner at the 2013 SecurTek Awards of Excellence Gala, taking home three awards, including the President’s Award of Merit.
May 9, 2013
PSA Security Network President and CEO Bill Bozeman shares five tips on how electronic security contractors can build company value in the latest Smart Business Tips installment.