Re: Do auto workers really earn $73 an hour?
The auto industry is far reaching, another plant with two locations in Illinois shut down last summer to move to Mexico. I think they scraped the move to Mexico and just shut down.
Monroe City Intermet layoffs take effect
Monroe City, MO —
Thirty-six workers at the Intermet plant in Monroe City were laid off Monday.
No reductions are scheduled at the company’s Palmyra facility, but a longer holiday shutdown is planned there.
A spokesman said the layoffs are the result of a drop in demand for metal auto parts made at both facilities, but wouldn’t say if more job reductions are planned.
“We’ll continue to monitor our production and continue to monitor our customers’ requirements,” said the spokesman, Gordon Cole.
The Palmyra plant will close for its normal Christmas shutdown on Dec. 19, but won’t re-open until Jan. 12. That’s two weeks longer than usual.
Intermet had 232 workers in Monroe City and 115 in Palmyra. The Texas-based company in August filed a second time for bankruptcy. In seeking Chapter 11 protection, it cited slumping vehicle sales and high commodity prices.
Cole said the company continues working with financial advisors and expects to emerge from bankruptcy, although a timetable has not been set.
http://www.hannibal.net/news_local/x...fs-take-effect
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
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