Harvey industries news for the week of June 19, 2018
Posted On July 25, 2021
The industries news is on its way and with it the jobs news!
Harvey Industries has announced that it has lost a significant amount of its industrial capacity due to Hurricane Harvey.
In addition, Industry Reports reports that it will likely see up to $10 billion in losses as a result of the flooding.
Industries Reports says, “It’s a difficult time for the industry and the people who work for it.”
The company will lose up to 1,000 jobs due to the flooding, as well as $6 million in federal funds.
The industry has said it will begin to process displaced workers to be able to resume their jobs.
“The industry is prepared for the worst,” said Harvey Industries President and CEO Tom Beecham.
“But as it is, we know we will not be able as quickly to restore all of the lost jobs as we would like.
This is a long-term challenge and one we are working very hard to overcome.”
There are some positives, however.
Harvey Industries said that it is working with state and local partners to help rebuild, and that it intends to continue to expand its capacity in order to ensure its continued competitiveness in the industry.
This is good news for Harveys employees and customers, and it could have a significant impact on the industry’s bottom line.
As we previously reported, Harvesters employee share is up slightly to 24.5%, but the company is still losing money and it may take several more years for the company to fully recover.
If the Harvey industries flood did not cause this to happen, the industries would have a strong case for federal assistance.
For now, it is still not clear whether or not Harvell will receive a grant of federal disaster relief.
With this in mind, Becham said that Harvey Industries will continue to focus on its core business, which is the construction of shipwrecks and commercial ships.
It is expected that Harley Industries will be able to resume full operations soon.
More to come…