BATON ROUGE, La. (AP) — CB&I, the company that bought the Baton Rouge-based Shaw Group, is expanding its presence in the capital city, moving 400 jobs there from out-of-state locations.

The company and Gov. Bobby Jindal announced Monday that CB&I is centralizing a second of its four operating divisions in Louisiana.

Jindal said the decision eliminates concerns that CB&I, which engineers and builds large infrastructure projects, would shrink the former Shaw footprint in Baton Rouge and drastically reduce jobs.

“They’re adding so many employees, they’ll actually have to lease space here in Baton Rouge,” he said.

The governor said the new jobs are expected to be in place by 2014 and will pay salaries averaging from $68,000 to $78,000 a year plus benefits.

Jindal’s office said many of the positions will be filled by existing CB&I workers moving to Baton Rouge, but said some of the jobs will be available to Louisiana residents.

“These kinds of good-paying jobs are exactly the types of jobs that will help keep our sons and daughters here and help bring our sons and daughters back,” Jindal said.

The state is giving the company up to $3.3 million for relocation costs, along with tax breaks for providing high-paying jobs and worker training assistance, according to Jindal.

To post a comment, please log into your IND account. If you do not have an account, click the "register" button to create one. Facebook comments can be used as an alternative to creating an account at theIND.com.

feed-image RSS Feed
Loading
Chart
ABiz Stock Watch
o Home Bancorp 20.05 ▼0.07 (-0.35%)
o Frank's International 25.90 ▲1.24 (5.03%)
o IberiaBank Corp 67.34 ▲0.68 (1.02%)
o LHC Group 21.32 ▲0.22 (1.04%)
o MidSouth Bancorp 16.37 ▼0.06 (-0.37%)
o Petroquest Energy 5.68 ▲0.24 (4.41%)
o PHI Inc. 42.50 ▲0.60 (1.43%)
o Superior Energy 31.30 ▼0.33 (-1.04%)
o Stone Energy 46.33 ▲0.73 (1.60%)
o Teche Holding 77.49 ▲0.67 (0.87%)
o Facebook Inc. 58.94 ▼0.78 (-1.31%)
o Twitter Inc. 45.01 ▲0.59 (1.33%)
o Gannett 26.87 ▲0.23 (0.86%)
NYSE:HBCP

Home Bancorp

Company ID [NYSE:HBCP] Last trade:20.05 Trade time:3:59PM EDT Value change:▼0.07 (-0.35%)
NYSE:FI

Frank's International

Company ID [NYSE:FI] Last trade:25.90 Trade time:4:00PM EDT Value change:▲1.24 (5.03%)
NYSE:IBKC

IberiaBank Corp

Company ID [NYSE:IBKC] Last trade:67.34 Trade time:3:59PM EDT Value change:▲0.68 (1.02%)
NYSE:LHCG

LHC Group

Company ID [NYSE:LHCG] Last trade:21.32 Trade time:4:00PM EDT Value change:▲0.22 (1.04%)
NYSE:MSL

MidSouth Bancorp

Company ID [NYSE:MSL] Last trade:16.37 Trade time:4:03PM EDT Value change:▼0.06 (-0.37%)
NYSE:PQ

Petroquest Energy

Company ID [NYSE:PQ] Last trade:5.68 Trade time:4:03PM EDT Value change:▲0.24 (4.41%)
NYSE:PHII

PHI Inc.

Company ID [NYSE:PHII] Last trade:42.50 Trade time:2:37PM EDT Value change:▲0.60 (1.43%)
NYSE:SPN

Superior Energy

Company ID [NYSE:SPN] Last trade:31.30 Trade time:4:04PM EDT Value change:▼0.33 (-1.04%)
NYSE:SGY

Stone Energy

Company ID [NYSE:SGY] Last trade:46.33 Trade time:4:03PM EDT Value change:▲0.73 (1.60%)
NYSE:TSH

Teche Holding

Company ID [NYSE:TSH] Last trade:77.49 Trade time:4:02PM EDT Value change:▲0.67 (0.87%)
NYSE:FB

Facebook Inc.

Company ID [NYSE:FB] Last trade:58.94 Trade time:4:00PM EDT Value change:▼0.78 (-1.31%)
NYSE:TWTR

Twitter Inc.

Company ID [NYSE:TWTR] Last trade:45.01 Trade time:4:00PM EDT Value change:▲0.59 (1.33%)
NYSE:GCI

Gannett

Company ID [NYSE:GCI] Last trade:26.87 Trade time:4:03PM EDT Value change:▲0.23 (0.86%)
Advertisement

Read the Flipping Paper!

Click Here for the Entire Print Version of
ABiz
 
Advertisement
Advertisement