Adaptive Micro Systems, a designer and manufacturer of electronic signage, LED displays and related control systems, has entered Wisconsin Chapter 128 receivership and plans to close its headquarters and manufacturing facility at 7840 N. 86th St., Milwaukee.
All of Adaptive Micro Systems’ 71 employees will be terminated, according to a letter sent to the Wisconsin Department of Workforce Development by attorney Michael Polsky, the court-appointed receiver in the matter. Layoffs are expected to begin July 6.
According to the letter, the company has experienced unforeseen business circumstances and was in the process of seeking capital or business to prevent or postpone the plant closure and to continue operations.
