South Central Inc., a division of New York-based ABM Industries Inc. (NYSE: ABM), will cut approximately 260 Houston jobs due to the loss of a janitorial services contract.

The company’s George Bush Intercontinental Airport worksite, 2800 N. Terminal Road, will close, and the jobs will be cut on Oct. 31, according to a Worker Adjustment and Retraining Notification letter sent to the Texas Workforce Commission.

The employees do not have union representation, nor do they have bumping rights, meaning more senior employees cannot take the jobs of those with less seniority.

ABM Industries is a building maintenance firm with a market value of $1.7 billion, according to StreetAuthority. Janitorial services account for about half of the company’s more than $5 billion in annual revenue, and ABM’s janitorial services market share is about five times that of its closest competitor, according to StreetAuthority.

As of Oct. 31, 2014, the ABM Industries had about 118,000 employees companywide, according to a filing with the U.S. Securities and Exchange Commission.

Source: Biz Journals

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