Construction-tech company Prescient, which fabricated components for multi-family buildings, is closing its Arvada factory and laying off 60 employees, according to a letter the company sent to the…
Construction-tech company Prescient, which fabricated components for multi-family buildings, is closing its Arvada factory and laying off 60 employees, according to a“This action is expected to be permanent, and upon conclusion of the shutdown activities the company would be closed,” Sandra Espiritu-Ortega, the company’s chief human resources officer wrote in a Worker Adjustment and Retraining Notification Act letter filed with the state on Aug. 31, the date when layoffs were expected to begin.
The company integrated its design software tightly into the manufacturing process, and turned to designers, engineers and software programmers based in Eastern Europe to help lower costs. Once fabricated, those components were assembled at construction sites, speeding up construction times and saving clients money., where it employed about 300 people, to Durham, N.C. The Arvada plant, however, remained open and its address is listed as the point of contact in the WARN letter.
Espiritu-Ortega didn’t respond to a request for information on whether the entire company was closing, but that seems likely based on the language in her letter. Prescient has contributed in the construction of 90 buildings covering 13.2 million square feet to date in Colorado, according to the company’s website. Among its projects are Park 17, Radius Uptown Apartments, Civic Lofts, Alexan Arapahoe Square, Edison Lofts at Rino, a new dormitory at Colorado Christian University and a hotel, the Hyatt House Belmar.
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