Barrett Business Services, Inc. Announces Administrative Penalties
PORTLAND, Ore., April 8 /PRNewswire/ -- Barrett Business Services, Inc.
(Nasdaq: BBSI) announced today that its farm and forest labor contractor
license has been revoked by the State of Oregon through a default judgment.
The license revocation included civil penalties of $488,000. The State's
action is based upon allegations that Barrett violated certain requirements
imposed on farm and forest labor contractors.
The Company had previously disclosed that it had received a notice from
the State outlining certain purported deficiencies primarily related to
written documentation evidencing that the terms and conditions of employment
and workers' rights and remedies had been properly communicated to employees.
The State's assertions prevailed through a default judgment as a result of
the failure by one of the Company's law firms to file a response to the notice
within the prescribed 20-day period.
Commenting on the situation, President and Chief Executive Officer William
W. Sherertz stated that, "We believe the State's allegations are without
merit, and due to an error, we apparently will not have the opportunity to
defend our company and our customers. The State did not allege any
mistreatment or abuse of employees. The fines were levied for the alleged
lack of proper written documentation; it's simply a matter of whether or not
we have the paperwork -- and we do. We will continue to vigorously seek an
Barrett Business Services, Inc. is a human resource management company
with offices in Washington, Oregon, Idaho, California, Arizona, Michigan,
Maryland and Delaware. Barrett reported revenues of $215.8 million and net
income of $5.0 million for 1996.
SOURCE Barrett Business Services Inc.
CONTACT: William W. Sherertz, President and Chief Executive Officer of Barrett Business Services Inc., 503-220-0988
Released April 8, 1997