CB&I to cut more than 300 jobs after contract ends

Apr 28, 2015

Olivia Pulsinelli
Houston Business Journal

Mike Fuentes/Bloomberg News

Dallas-based Luminant told CB&I Stone & Webster Inc. last week that it would discontinue the teaming agreement the companies have for the Comanche Peak Nuclear Power Plant in Glen Rose, Texas. CB&I will cut 322 jobs at that location.

The Netherlands-based Chicago Bridge & Iron Company NV (NYSE: CBI), which has its operational headquarters in The Woodlands, will cut 322 jobs in Texas, according to a letter to the Texas Workforce Commission.

Dallas-based Luminant told CB&I Stone & Webster Inc. last week that it would discontinue the teaming agreement the companies have for Luminant’s Comanche Peak Nuclear Power Plant. The plant is in Glen Rose, about 55 miles southwest of Fort Worth.

Luminant has asked CB&I Stone & Webster to assist with transition services through May 31, which is when CB&I expects to terminate the positions. Stone & Webster, which was founded in 1889, became part of The Shaw Group in 2000. CB&I acquired Shaw in 2013.

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