CALIFORNIA—On Monday, August 5, rePlanet announced the company closed all 284 recycling centers and facilities through the state of California.
RePlanet, is a recycling center company with over 300 locations throughout California had a large recycling network allowing the public to bring in their recyclables in and receive money in exchange. Due to the closure, over 750 people are out of a job.
“On August 5th, 2019, rePlanet ceased operations and closed all of its 284 recycling centers and processing facilities and is terminating its entire workforce throughout the state of California. 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. As such, rePlanet will be filing for Assignment for the Benefit of Creditors (ABC) and its remaining assets will be liquidated by the Assignee.
We regret that these site closures will negatively impact our employees, grocer partners, customers and the recycling community at large,” said the company in a statement.
“It is with great sadness that we will be shutting our doors to our centers and offices. We thank all of our employees and customers who have partnered with us through the years. Thank you for helping us make an impact for the planet.
Attached is our press statement. If you have any questions or concerns about the CRV program and next steps, we recommend contacting your state legislator to advocate for better recycling initiatives and improved legislation,” the company said in a statement posted on their Facebook page.