Erickson Living, a Catonsville-based developer and manager of retirement communities, laid off 30 corporate employees earlier this month as part of business restructuring that has been under way since the company emerged from bankruptcy under new ownership in the spring.
A spokesman for the company, previously called Erickson Retirement Communities, said half of those employees worked in the Baltimore region and that all were given severance and outplacement help. The spokesman, Dan Dunne, said the company has hired more than 2,000 people since June at various levels, including 50 in the corporate offices.
Redwood Capital Investments LLC, headed by local entrepreneur Jim Davis, bought Erickson for $365 million in May. Davis had said the company was able to wipe out most of its debt through the bankruptcy and had said the company planned to move ahead with new retirement hosing at about a dozen of its existing communities that are not fully developed, all outside Maryland.
In the Baltimore area, Erickson developed and manages Oak Crest Village in Parkville and Charlestown in Catonsville.
lorraine.mirabella@baltsun.com