Engineering firm URS furloughs 3,000 employees due to U.S. shutdown

Reuters

Oct 10 (Reuters) - URS Corp, which builds andoperates energy and other industrial projects, said it hastemporarily laid off about 3,000 employees due to the U.S.government shutdown.

The furlough includes employees who are unable to workbecause the government facilities where they work are closed orthe company had received a stop-work order or directions toreduce staff.

The number, as of Monday, is expected to increase if theshutdown continues, said URS, which counts the U.S. Defense,Homeland Security, State and Treasury departments as itscustomers.

URS had reduced the top end of its 2013 earnings forecastrange by 25 cents per share in August, bringing it down to $4.25to $4.50 per share, citing uncertainty over the U.S. federalbudget.

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