Ormet To Lay Off Remaining 42 Workers

By
Associated Press

Dateline
Updated Mon, May 19, 2014 11:02 am

Ormet Corp. has told the state it will lay off the remaining 42 employees at its aluminum smelter in eastern Ohio.

Employees remained after the plant in Hannibal ceased operations in October. They will lose their jobs at the end of the month, with a complete closing of the plant by the end of July.

The company announced it would close its plant along the Ohio River and lay off more than 1,000 workers after state utility regulators rejected portions of its proposed deal for reducing electricity costs.

Ormet said the decision by the Public Utilities Commission of Ohio made it impossible for the company to escape bankruptcy.

The plant was once the largest employer in the region.

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