AZ Sourcing, parent company of the proposed PhoenixMart sourcing center, has been reducing its workforce in the last several weeks.
A company spokesman said the staff reduction is not a “layoff,” as the company expects the workers to return.
In a statement issued by the spokesman, the staff reduction was attributed to a hitch in the federal government’s EB-5 immigrant investor program. PhoenixMart originally was to be funded through the program, which allows foreign citizens to obtain green cards by investing in American projects.
“Due to the delay in the approval of EB-5 investor applications,” the spokesman stated, “PhoenixMart needed to realign its staffing needs for FY2016.”
When EB-5 funds are released, AZ Sourcing expects to expand staff accordingly.
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