AK Keeps Middletown Productive
Printed From: MiddletownUSA.com
Category: Middletown Area Business
Forum Name: Middletown Area Businesses
Forum Description: News, Information from and about area businesses
URL: http://www.middletownusa.com/forum/forum_posts.asp?TID=1311
Printed Date: Apr 26 2024 at 4:49am
Topic: AK Keeps Middletown Productive
Posted By: Middletown News
Subject: AK Keeps Middletown Productive
Date Posted: May 13 2009 at 4:00pm
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AK Steel (NYSE: AKS) announced today that it will likely idle most of its Ashland (KY) Works beginning late in July or early August. The idling will affect about 750 hourly and salaried employees, and is the result of recent announcements by GM and Chrysler of significant production curtailments, along with the continuing global recession. The company said the plant is likely to remain idled at least through the balance of 2009.
Full Story: http://www.middletownusa.com/view_news.asp?a=4314 - AK Steel to Keep Middletwon Works Productive ------------- Please like our http://www.facebook.com/middletownusa" rel="nofollow - Middletown USA Facebook Page |
Replies:
Posted By: Bwood
Date Posted: May 13 2009 at 6:01pm
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The shutdowns on GM's end are not planned to be permanent, so hopefully the Ashland plant will reopen when the GM plants do.
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Posted By: arwendt
Date Posted: May 13 2009 at 6:26pm
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Thinking it's not a good year to be in the steel biz.
------------- “Sell not virtue to purchase wealth, nor Liberty to purchase power.” Benjamin Franklin - More at my http://wordsoffreedom.wordpress.com/ - Words of Freedom website. |
Posted By: Mike_Presta
Date Posted: May 13 2009 at 9:04pm
------------- “Mulligan said he ... doesn’t believe they necessarily make the return on investment necessary to keep funding them.” …The Middletown Journal, January 30, 2012 |
arwendt wrote: