Fusion Logistics Inc. recently laid off 303 employees and closed several Texas branches permanently, according to a message sent to state officials Monday.
The affected employees worked at locations in Houston, as well as the cities of Farmers Branch, Garland, Coppell and Fort Worth. As a result of the layoffs, the facilities will close permanently.
Officials said the job losses were “due to unforeseen circumstances with an unexpectedly large increase in insurance premiums,” according to documents filed with the Texas Workforce Commission (TWC).
The letter also cited a rejected request for additional capital to cover losses. All affected Fusion employees were fired on July 12.
The layoffs were filed with TWC by PEI Ohio, which provided payroll, insurance and other administrative services to Fusion Logistics.
Miami-based Fusion Logistics is a third-party logistics company that provides last-mile supply chain solutions. The company has 210 locations in 49 states.
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