BUFFALO, N.Y. (WIVB) — A prominent Western New York construction and development company is going out of business and 30 people will lose their jobs as a result, according to New York State Department of Labor documents.
The company is closing after 23 years in business.
A statement on the company’s website says that the main reason is due to increasing costs related to a project at Alfred State College, a recent termination of work and the company’s struggles to obtain surety bonding or acceptance of alternative performance guaranties of $110 for 2023 work that the company would have otherwise had begun.
The employees of Savarino Companies began being laid off on August 18. Most of the employees were based at two different sites in Buffalo, but also had workers at locations in Niagara Falls, Olean and Fredonia.
The employees will continue to be laid off as the company terminates its work on current projects, according to documents.
The employees are not represented by a union.
Aidan Joly joined the News 4 staff in 2022. He is a graduate of Canisius College. You can see more of his work here.