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April 16, 2008

Oxford home builder in trouble?

Employees at Eco-Building Systems, a modular home builder in Oxford, say the company may fold and were told to look for new jobs, according to news station WGME.

Eco-Building Systems, formerly known as Oxford Homes, currently employs 100 people. Eco-Building Systems was created when Oxford Homes sold the company to a group of unnamed investors in August 2007, before being forced into involuntary bankruptcy by a group of unsecured creditors. Eco's employees say they were told an investor has pulled out of the company, according to WGME.

Read more about Oxford Home's downfall in Shaky Foundation, from the Oct. 29 issue of Mainebiz.

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