Layoffs/ Closings/ Bankruptcies
Luminant, a subsidiary of Vistra Energy announced that it will close two coal-fueled power plants in Central Texas: its two-unit Sandow Power Plant in MILAM COUNTY and its two-unit Big Brown Power Plant in FREESTONE COUNTY. In total, approximately 2,300 MW of nameplate power will be taken offline in early 2018. Also closing will be Three Oaks Mine, located primarily in BASTROP COUNTY, which supports this plant. Luminant estimates that approximately 450 employees will be impacted by the Sandow plant and Three Oaks mine closure. Luminant has filed a 90-day notice of suspension of operations with ERCOT, which will trigger a 60-day reliability review. If ERCOT determines the Sandow units are not needed for reliability following this 60-day review, Luminant expects to cease plant operations on January 11, 2018. Luminant will take the necessary steps to responsibly decommission the facility in accordance with all federal and state regulations. In addition, ongoing reclamation work will continue at Three Oaks Mine. Turlington Mine, which supplies Big Brown, was already scheduled to wind down operations by the end of 2017. Reclamation work will continue there. Luminant estimates that about 200 employees will be impacted by the Big Brown closure. Vistra Energy, 6555 Sierra Drive, Irving, TX 75039; www.vistraenergy.com
BrandFX Body Company is a manufacturer of advanced composite service bodies, line bodies, inserts, toppers and covers. BrandFX filed a Worker Adjustment and Retraining Notification (WARN) Act notice that it is laying off 60 employees on December 18, 2017, in FORT WORTH. BrandFX Body Company, 2800 Golden Triangle Boulevard, Fort Worth, TX 76177; 817-431-1131; www.brandfxbody.com
Cabot Corporation has indefinitely idled three of the seven production units at its activated carbon manufacturing facility in MARSHALL. These manufacturing assets recently ceased production. The decision will affect approximately 40 local employees. Cabot Corporation is a global specialty chemicals and performance materials company. The company is a provider of rubber and specialty carbons, activated carbon, inkjet colorants, cesium formate drilling fluids, masterbatches and conductive compounds, fumed silica and aerogel. Cabot Corporation, 4400 North Point Parkway, Suite 200, Alpharetta, GA 30022; 678-297-1300; Fax: 678-297-1245; www.cabotcorp.com
HOUSTON-based Castex Energy Partners LP and several affiliated companies have filed for a joint Chapter 11 bankruptcy. The oil and gas producer is a portfolio company of Riverstone Energy Ltd. Castex is based at Three Allen Center. Castex Energy Partners, L P, Three Allen Center, 333 Clay Street, Suite 2900, Houston, TX 77002.
Telecheck Services, a division of Atlanta-based First Data Corp., will vacate 90,000 square feet in the Sugar Creek on the Lake office complex, at 14141 Southwest Freeway, in SUGAR LAND due to damage during Hurricane Harvey. www.firstdata.com/telecheck
Helen of Troy consumer goods company plans to restructure the nutritional supplements and beauty (products) segments in hopes of improving sales. Jobs cuts could occur as a result in EL PASO, Maryland, and Connecticut. No determination has been made yet on how many jobs could be cut. The company has 416 employees at its West El Paso headquarters. That's part of its 1,675 employees worldwide. Helen Of Troy L.P., One Helen of Troy Plaza, El Paso, TX 79912; 915-225-8000; Fax: 915-225-8004; www.hotus.com