Thread regarding U.S. Silica Holdings Inc. layoffs

Empty Shell

3 Rounds of layoffs with mostly salaried employees. Poor infrastructure with no operational systems. Unit cost and stock price only value to top leadership. The oil boom is over yet company remains top heavy while gutting senior talent in the management ranks. Long term company viability is questionable. Years of infrastructure neglect and human capital neglect. Any major breakdown could be catastrophic as zero redundancies have been put in place. All cost savings are merely salaried layoffs and critical plant cost diversion. Very poor co.leadership has been masked in an abundance of success from the proppants rush and now again with the crash.

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Post ID: @OP+HkdrQsw

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idling 5 mines???? wow they have a few openings in Millen GA which I assume is a new plant, really liked working there but it was cheaper to bring sand from the south up the river I guess than to sell it out of the northeast

Post ID: @kTaqt+HkdrQsw

All Salary? They are idling nearly 5 mines.... that’ll be hourly employees as well.

Post ID: @kRxyb+HkdrQsw

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