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California's largest recycling business closes, 750 laid off

Aug 06, 2019 - Associated Press Financial Wire

SAN JOSE, Calif. (AP) - California's largest operator of recycling redemption centers shut down Monday and laid off 750 employees.

RePlanet closed all 284 of its centers, and company president David Lawrence said the decision was driven by increased business costs and falling prices of recycled aluminum and PET plastic, the San Jose Mercury News reported .

The move came three years after RePlanet closed 191 of its recycling centers and laid off 278 workers.

Now many San Francis...