URS Comments on Impact of Gov't Shutdown, Says 3K Workers on Furlough

URS Corporation URS announced today that approximately 3,000 employees have been put on furlough status as of October 7, 2013 as a result of the federal government shutdown. This includes employees who are unable to work because the government facility where they work has been closed or URS has received direction from the government to stop work or reduce staffing levels. If the shutdown continues, URS expects the number of affected employees to increase. “The government shutdown, the continuing effects of sequestration, and uncertainty about the federal budget are all having negative impacts on URS and many other government contractors,” said H. Thomas Hicks, URS' Chief Financial Officer. “We hope the situation is resolved as soon as possible to avoid additional impact on our federal business and our employees.”