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Is It the End Of the Line For Ormet?

October 5, 2013

HANNIBAL — Company President and Chief Executive Officer Mike Tanchuk’s Friday announcement that Ormet will cease operations may spell the end for the firm that first produced aluminum in 1956....

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(9)

daWraith

Oct-05-13 5:51 AM

RIP. The story of the valley, lose a thousand jobs, gain 50, lose another 1000 gain 25.

Death spiral.

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wvhoopie

Oct-05-13 9:54 AM

The rust continues in the rust belt. The trade agreements that were made over the past 30 years have killed off our manufacturing. We're just about where America was in the early 1900s with the rich filthy rich and the poor growing by the day. Union membership is almost as low as it was in 1900 and the wages in America just keep going lower and lower.

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WVEXPAT

Oct-05-13 11:17 AM

Yes hoopie, it's sad that the last 5 years has seen an acceleration of income/wealth inequality. Even sadder that the current admin pays lip service to the middle class while giving Wall St fat cats billions and increasing the rolls dependency class by the millions. A political agenda executed at the expense of middle class America!

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daWraith

Oct-05-13 11:21 AM

Bullsh** WVStupi, only in low tech hillbilly rust belts.

Detroit Auto manufacturers are BOOMING, setting record sales and their parts suppliers in and around the Detroit Metro are making bank.

Nucor Steel is doing just fine.

The PROBLEM is automation has eliminated most of the low tech menial blue collar jobs that those with only a high school education used to do. Factory automation, robots, etc. do what thousands of people used to do.

USA productivity is one of the highest in the world.

Those jobs did not go to China or Mexico, they just CEASED to EXIST.

Drafstmen, typists, bank tellers: replaced with CAD, Word Processing software, and ATM's respectively.

47% of the jobs TODAY will not exist in 2020 because of continuing technological improvements.

Get OVER IT!

2 Agrees | 1 Disagrees | Report Abuse »

daWraith

Oct-05-13 12:50 PM

For Example:

"Hauling iron ore across Australia’s outback pays some 400 engineers about $224,000 per year, but the gravy train is coming to an end thanks to robots.

International mining giant Rio Tinto Group plans to replace the highly-paid train drivers with robot locomotives, according to Bloomberg News. The industry is looking to squeeze profit margins after a decade-long mining boom drove up wages to the point train drivers in the remote western Australian region of Pilbarra were the highest paid in the world, according to U.K.-based transport historian Christian Wolmar."

Another High Paying job bites the dust.

1 Agrees | 0 Disagrees | Report Abuse »

UNCOMMONSENSE

Oct-05-13 6:05 PM

This nation is rapidly becoming another Japan!

We will soon be totally incapable of manufacturing ANYTHING and will be at the mercy of our enemies!!!

The lemmings should have been buying AMERICAN when it was still possible!!

2 Agrees | 0 Disagrees | Report Abuse »

Highland

Oct-05-13 6:58 PM

Congrats, unions.

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SMART1

Oct-05-13 8:51 PM

Bring back Emmett Boyle!! Takes a good republican to be a successful employer! I bet Bob Murray could turn this place around!!!

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SMART1

Oct-05-13 8:51 PM

Bring back Emmett Boyle!! Takes a good republican to be a successful employer! I bet Bob Murray could turn this place around!!!

0 Agrees | 1 Disagrees | Report Abuse »

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