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|August 24, 2019|
California's largest recycler closes
SOUTHLAND - (INT) - rePlanet ceased operations Monday and closed all of its 284 recycling centers and processing facilities. Its entire workforce throughout California was terminated.
In a statement, rePlanet said “With the continued reduction in State fees, the depressed pricing of recycled aluminum and PET plastic, and the rise in operating costs resulting from minimum wage increases and required health and workers compensation insurance, the Company has concluded that operation of these recycling centers and supporting operations is no longer sustainable.”
Its assets will be liquidated.
“We regret that these site closures will negatively impact our employees, grocer partners, customers and the recycling community at large,” rePlanet said. “We thank our employees for their hard work and dedication in providing convenient recycling opportunities to our valued customers across the State of California.”
Story Date: August 14, 2019