Devcon to Shut Down Texas Operations, Cut 197 Jobs
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.
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Related Content
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Commercial Integrator + Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add to your bottom line.
A FREE subscription to the top resource for security and integration industry will prove to be invaluable.
