Advanced Emissions Solutions (ADES) Announces 33% Workforce Reduction

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Go back to Advanced Emissions Solutions (ADES) Announces 33% Workforce Reduction

Advanced Emissions Solutions Announces Planned Corporate Restructuring

August 1, 2016 4:45 PM EDT

HIGHLANDS RANCH, Colo., Aug. 01, 2016 (GLOBE NEWSWIRE) -- Advanced Emissions Solutions, Inc. (NASDAQ: ADES) (the "Company" or "ADES") today announced that it has executed the next step of its previously announced cost containment strategy. Specifically, the Company has executed a workforce reduction plan affecting approximately 38% of the Companys employees, many of which were servicing long-term equipment contracts that were recently completed.

Heath Sampson, President and CEO stated As previously communicated, we continue to evaluate the changing needs of our business. The decisions made around this restructuring have been... More