An Aransas Pass company has issued layoff notices to 251 employees -- bad news for the employees, but it could also mean a bleak future for the company itself.

Gulf Marine Fabricators has an enterprise zone as the State level requiring them to employ a certain number of Aransas Pass residents. They must pay $150,000 in taxes by Jan. 1 and must employ some 80-85 Aransas Pass residents or their agreement with the City could become null and void.

3News reached out to the company's corporate office in Houston but did not hear from them by news time.

Kiii News Reporter Brian Burns spoke with local officials about the reason behind the major layoffs and went Live from Aransas Pass with the details.