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Ormet Plight An Emergency

August 2, 2013

Temporary funding put in place to help the Ormet Corp. transition out of bankruptcy and into new ownership is running out....

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(8)

proudlyconservative

Aug-02-13 6:02 AM

No one who pays attention is surprised by the attitude of Gov. Kasich's PUCO. Once again, Columbus has forgotten where Southeast Ohio is. Remember that next year.

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thetruthforonce

Aug-02-13 7:20 AM

Are you suggesting bail out here? Weren't you the ones screaming "foul" when GM was bailed out? Hypocrites and frontrunners, plain and simple.

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richardwhee

Aug-02-13 11:24 AM

That seems to be the problem when you have a one industry town/area. I hate the word " Diversity but there should be more than one job creator. Look at the Ohio Valley- 75 yrs back Whg. Steel did everything possible to keep others out; Now look at the job market for steel workers.

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atoddh

Aug-03-13 3:32 PM

truth: yes the NR is talking out of both sides of their mouth. Ormet is failing just as OV steel has failed. Byrd's influence & money was squandered on WNHAC vs job creation with new tech industry; as was done along I79. Highlands is not going to save the OV. There must be jobs/income for people to shop.

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atoddh

Aug-03-13 3:35 PM

Richard: the Park Commission/WNHAC diverted Byrd's influence and money into the failed Downtown theme park concept. This was done instead of meaningful job creating projects. Now there is nothing. Gas will hire some. But more jobs are temps in the area pending drilling completion.

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atoddh

Aug-03-13 3:54 PM

If Ormet can not operate with the current electric rates, pension costs and labor rates, then it should be allowed to fail. Why would the public be responsible? Ormet is not a public corp.

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mikeyd

Aug-04-13 9:28 AM

if the employees cared about this they would do something to save this company.do only the owners have a voice?if so we have seen how that works.some chinese company might want it.

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atoddh

Aug-04-13 11:57 PM

mike: The employees could agree to a 50% pay cut. Labor and power are the two big expenses.50% of something beats 100% of nothing.

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