Houston, Texas-based highway safety services and products provider Highway Technologies Inc. filed for Chapter 11 bankruptcy on May 22 and laid off 740 of its 825 employees all over the country, notifying them of this course of action on May 17.

Fifty-four of the affected Houston employees work at the 6800 and 6811 Dixie Drive location, while 80 are in Fort Worth at the firm’s facility on 7200 Jack Newell Boulevard South, data from the Worker Adjustment and Retraining Notification Act (WARN) documents filed with the Texas Workforce Commission showed. Another 53 are in the company’s Austin location at 12909 Dessau Road.

The WARN documents told of the facilities’ eventual closure.

According to the company’s employees, the firm held on to a core group of people to “wind the business down safely, secure equipment, and handle any remaining administrative items.”

If you are a Houston business that is facing hefty debts that you cannot afford, contact the lawyers at the Russell Van Beustring P.C., at 713-973-6650 to discuss how bankruptcy may be the best course of action.