Metco Landscape notified the Colorado Department of Labor and Employment on Monday that it has let go of 343 workers across five locations at the end of July.
Atar Capital, a Los Angeles investment firm that acquired Metco last year, issued a statement to The Denver Post over the weekend saying the landscaping company had been placed into receivership in Boulder County District Court “due to unforeseen financial and economic conditions.”
The court-appointed receiver will be responsible for all future decisions related to Metco, the investment firm said. Another 44 workers were let go at its Aurora facility at 17601 E. 23rd Ave.; 60 job cuts occurred at the company’s Arvada facility at 5503 Marshall St. and another 38 employees were dismissed at the company’s Englewood branch at 1325 W. Quincy Ave. The fifth layoff of 36 workers happened at the company’s Colorado Springs location at 1310 Ford St.
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