Bay Area homebuilder warns of 100% layoff amid business 'gap'
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Bay Area homebuilder warns of 100% layoff amid business 'gap'
"The company filed a WARN notice with California officials on Feb. 12, citing "lack of new business and loss of capital funding" as reasons for potential layoffs. The document is just a warning - by law, businesses have to tell workers well in advance if they could be hit by a mass job cut - but it's a dire sign for the company. Harbinger's CEO, management team and more than 200 production workers are listed for the possible layoff."
"Harbinger, via outside spokesperson Phoebe Schmidt, told SFGATE that the WARN was filed because of "a potential near term gap in our production pipeline," emphasizing that the company is "both in contract negotiations for new jobs and seeking new business opportunities." Formerly known as Factory_OS, the company builds home sections in its large Mare Island factory before rolling them out for on-site assembly - a premise that has generated buzz but mixed results over the past decade in housing-starved California. Up to this point, Harbinger has built and shipped more than 4,000 units, the company said, and its long-term pipeline features 40 projects, totaling more than 3,500 units."
""We are working to finalize project commitments in order to avoid any pause in production," the company said Thursday, adding that it "is not planning to shut its doors.""
Harbinger Production filed a WARN notice citing a lack of new business and loss of capital funding and listed 290 employees as potentially affected. The company identified a potential near-term production pipeline gap while stating it is in contract negotiations and seeking new business opportunities. The firm, formerly Factory_OS, manufactures modular home sections at a Mare Island factory and has built and shipped more than 4,000 units. The long-term pipeline includes 40 projects totaling over 3,500 units, with some design work already completed. Leadership says it is working to finalize commitments and does not plan to close.
Read at SFGATE
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