Frac sand supplier U.S. Silica Holdings, Inc. has cut 230 employees as it grapples with the current challenges in its energy markets. Frac sand supplier U.S. Silica Holdings, Inc. has cut 230 employees as it grapples with the current challenges in its energy markets. The Katy, Texas-headquartered company made the announcement Friday. The staffing reductions count for 10 percent of the company’s total workforce and includes corporate employees as well as the idling of mines in Utica, Illinois and Tyler, Texas. It will also impact Crane County in Texas, Sparta, Wisconsin and Festus, Missouri. The job cuts in operations will reduce staffed oil and gas capacity by 7 million tons. The company anticipates annual SG&A savings from the staff reductions as well as other cost reductions to total $20 million. Severance costs related to the workforce reductions will be $1.7 million and incurred by U.S. Silica in the fourth […]