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Shurgard May Execute Layoffs at Home Office

Posted in News

According to an article printed in Tuesday's Seattle Times, Shurgard Storage Centers may lay off as many as 175 employees at its home base of Seattle. The information was indicated in a notice the company filed with the state Department of Employment Security.

In March, Shurgard agreed to its own acquisition by industry rival Public Storage of Glendale, Calif., in a $3.2 billion deal. At the time, Shurgard employeed about 200 at its headquarters on Lake Union; and Public Storage said it would cut an unspecified number of personnel. Analysts said they expected many Shurgard employees and possibly regional managers throughout the country to lose their jobs.

Shurgard officials have not commented.

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