U.S. Silica (SLCA) Announces Cost Reduction Actions
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U.S. Silica Announces Cost Reduction Actions
November 22, 2019 9:15 AM ESTKATY, Texas, Nov. 22, 2019 /PRNewswire/ -- U.S. Silica Holdings, Inc. (NYSE: SLCA) today announced a reduction in its workforce of approximately 230 employees to improve efficiencies and better align operations and support staffing with the current challenges in its energy markets. Expected annual SG&A savings from these actions as well as other cost reductions are approximately $20 million.
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