Newsline

EVTC Restructures, Reduces Workforce

FORT WORTH, TX — EVTC, Inc., a national provider of refrigerant solutions, has announced a business restructuring initiative to align the company with current market conditions and prepare it for future profitable growth.

The company will close four remote, full-service warehouse locations and, in conjunction with those closings, is reducing its workforce by 18%.

According to the company, these actions are being taken to take advantage of the excess capacity it has at its Fort Worth, TX facility, and use a more efficient refrigerant distribution and reclamation business model.

The company said it will utilize a fleet of refrigerant recovery trucks and a public warehouse facility for all of its Full Circle subsidiary operations. The company expects to realize annualized pre-tax savings of $2 million from these actions.

Publication date: 09/03/2001

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

James Siegel is with Distribution Center Magazine.

Recent Articles by James Siegel

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2013 ACCA Conference & IE3 Expo

Photos from the 2013 ACCA Conference & IE3 Expo in Orlando, Fla.

Podcasts

Selling Zoning is Easier Than You Might Think

This overview of the benefits of zoning includes tips for selling to consumers and businesses. Tom Jackson discusses options for new construction and retrofit, as well as some ways a residential contractor can get into the light commercial business with zoning products. Speaker: Tom Jackson, CEO, Jackson Systems
More Podcasts

THE MAGAZINE

ACHRNEWS

NEWS 05-13-13 cover

2013 May 13

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

HVAC LEASING

Some HVAC contractors have introduced leasing programs for consumers. Do you think this is a viable option?
View Results Poll Archive

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con