GENESEO — Coast Professional Inc., a Louisiana-based loan collection agency which in December 2014 announced that it is expanding and increasing their work force, has now taken a sharp turn in their outlook and says they will be laying off 172 employees at their Geneseo facility.
During the Livingston County Industrial Development Agency Meeting in December, Coast representatives proudly informed the committee of their growth and potential new employment opportunities, but now say that a contract with the U.S. Department of Education has fallen through and they need to make layoffs.
“This area has really exceeded every expectation,” said Roxanne Baker, Coast Chief Operating Officer in December. “The labor pool is is fantastic here in Livingston County.”
Baker said at the time that the agency will be adding 15,000 square feet to their existing facility on Volunteer Road, and expanding the parking lot for additional hires.
Coast said in December that they hope to add 125 new jobs over the next three years.
Coast Professional Inc. said in a Worker Adjustment and Retraining Notification to the state Department of Labor said that 172 employees will be laid off from their Geneseo facility as the result of the Department of Education ending their contract with Coast.
The Department of Education announced it is ending contracts with five private collection agencies nationwide, including Coast Professional and Pioneer Credit Recovery Inc., which has its headquarters in Arcade, Wyoming County.
PHOTO CAPTION: Coast Professional’s facility on Volunteer Road. (Photo/Josh Williams)