Brief: Purecycle Technologies To Reduce Workforce by 22 Employees

PureCycle Technologies

01/12/2023 21:37

Dec 1 (Reuters) - Purecycle Technologies Inc  PCT.O :
    * PURECYCLE TECHNOLOGIES INC- REDUCTION-IN-FORCE
("SEPARATION") OF
22 EMPLOYEES
    * PURECYCLE TECHNOLOGIES INC-  REDUCTION-IN-FORCE OF 22
EMPLOYEES,
MAJORITY OF WHOM ARE NOT ASSOCIATED WITH COMPANY'S IRONTON, OHIO
FACILITY
    * PURECYCLE TECHNOLOGIES INC: FOLLOWING SEPARATION, COMPANY
WILL
MAINTAIN APPROXIMATELY 160 EMPLOYEES.
    * PURECYCLE TECHNOLOGIES INC- EXPECTS SEVERANCE COSTS,
PRINCIPALLY
IN FORM OF PAYROLL EXPENSES, TO TOTAL APPROXIMATELY $1.0 MILLION
    * PURECYCLE TECHNOLOGIES INC-  ON NOVEMBER 27 REACHED
AGREEMENT
WITH JEFF FIELER TO SERVE AS COMPANY'S INTERIM CHIEF FINANCIAL
OFFICER

Source text for Eikon:  ID: 
Further company coverage:  PCT.O 

 ((Reuters.Briefs@thomsonreuters.com;))