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Re: AK Steel laying off 260 employees in plant closure

By: micro in POPE 5 | Recommend this post (0)
Mon, 09 Sep 19 3:29 PM | 36 view(s)
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Msg. 39511 of 62138
(This msg. is a reply to 39505 by capt_nemo)

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AK Steel is the Former ARMCO Steel Corporation located in Middletown Ohio. About 0 miles north up I-75 from Cincinnati. TYhe Japanese bought it from the owners and it became AK Steel.
They have put hundreds of muilklions of dollars into upgrading that HQ's steel works and in particular, rolling lines and reducing accidents. OSHA ACTUALLY HAD A FULL TIME INSPECTOR THERE. The Ashland Kentucky plant is simply no longer needed. It's capacity can easily be filled by the main facility in Middletown.

While I do not like that people are displaced from their employment and financial security, it is in the steel industry a common occurence due to competition from the MINI MILLS that are faster, better quality, and less expensive which are located n Monterey Mexico. That Steel is actually cleaner and betyterthan what you get from old US Steel plants like US Steel, and Bethlehem, and a couple others.

Sorry to see that the Ashland dfacility is closing and being absorbed back into the Middletown plants.

The modernization at Middletown which ahs been underway for a couple of decades means better safety, less injuries, more productivity, and more diversity of products.

But you didn't get all that from the article. How many more people did Middletown add to their payrolls over the past 10 years?

Just an example of bias in reporting numbers. I know for a fact the AK Steel Works and formerly Armco because I used their products and I toured the facilities. I was offered an executive position there as well.
I declined.

This is what I meant the other day about the course of business. What you do not read about is the additional numbers of people who have been employed or things like the reasons for consolidation of product lines under ONE roof instead of incurring hundreds of millionso dollars of cost to keep a separate Steel Works open. This is a world marketplace with competitors all over the globe including JAPAN, Mexico, Taiwan, China, European countries as well.


Just some additional info for the article. Not an insult or anything.. Just trying to add more info to it.

BTW, Captain, your Seaducks came back from behind to beat the Bengals in Seattle. By a point.

Either the Bengals are much improved over last year or the Seaducks are not as good as they once were.

I HOPE it is the first scenario... Weplayed without our starting running back Joe Mixon and AJ GREEN, all pro wide receiver. Both of those would have made a difference offensively.

Congrats to the Seahawks. A win is a win.....




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The above is a reply to the following message:
AK Steel laying off 260 employees in plant closure
By: capt_nemo
in POPE 5
Mon, 09 Sep 19 9:04 AM
Msg. 39505 of 62138

AK Steel is closing a plant that has sat mostly idle for the better part of three years, a move that will impact 260 of the company's employees.

West Chester-based AK Steel Holding Corp. (NYSE: AKS) submitted a Worker Adjustment and Retraining Act (WARN) notice to the state of Kentucky on Sept. 3, notifying officials that it plans to permanently close its Ashland Works plant at 170 Armco Drive in Ashland by the end of 2019, laying off all 260 employees.

Layoffs will occur as the closure takes place in phases, starting on Nov. 4 with 176 employees losing their jobs. Phase two will take place during a two-week period starting Dec. 17, with the remaining 84 workers separated from the company.

more,,,,,,,,,,,,

http://www.bizjournals.com/cincinnati/news/2019/09/06/ak-steel-laying-off-260-employees-in-plant-closure.html?ana=yahoo&yptr=yahoo


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