Corrections Corp. to close Memphis facility, lay off 92

Corrections Corp. of America will lay off 92 Memphis employees starting Monday, according to the Tennessee Department of Labor and Workforce Development.

Nashville-based Corrections Corp. of America (NYSE: CXW) will close the 200-bed Shelby Training Center in Memphis, which houses male offenders for the Juvenile Court of Memphis and Shelby County, said Steve Owen, a company spokesman.

The company will cease operations at the facility at the end of August. The facility anticipates a permanent reduction in population as the county will begin sending its juveniles to the care of the Tennessee Department of Children's Services.

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It is uncertain if DCS will utilize the facility. Owen says the state has so far not exercised an option to buy the building from CCA, the owner of the Shelby Training Center building. The county owns the land.

Corrections Corp. of America is an owner and operator of privatized correctional and detention facilities and a prison operator in the U.S. The company operates 65 correctional, detention and juvenile facilities.