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Local reaction to Ormet closing
Updated: Saturday, October 5 2013, 04:46 PM EDT
By Glenn Bolich
Monroe County, OH
We have continuing coverage of Ormet, the aluminum maker in Monroe County, that is laying off over 500 jobs.
News came on Friday afternoon after a statement made by the company saying that it must shut down operations and remain in bankruptcy.
In Hannibal, the town where Ormet calls its home, community members were surprised about the layoffs and they know the impact will be felt in Southeast Ohio.
On Wednesday, the public utilities commission of Ohio denied a request by Ormet for an energy transition plan.
This decision forced Ormet to remain in bankruptcy and shut down operations immediately.
According to the statement, Ormet expects at least 600 people will be affected.
"Well it shouldn't have to close down. It's really going to hurt the community. All around the community, it's going to hurt everybody," said resident Ray Straub.
"Everybody's going to have to go elsewhere to look for jobs and moving out of the county. Businesses are going to go down because of the money flow," said resident Carla Lohr.
"Well I think it's going to affect everybody in Monroe County and the adjoining counties. There are a lot of people that work there. By shutting it down, it's going to be a lot of hardship on a lot of people and families and a lot of businesses," said resident Michael Martin.
Ormet filed for bankruptcy on Feb. 25, 2013, due to exceedingly high energy costs and low prices of aluminum.
The Hannibal plant could reopen if it finds a long-termeconomic power supply and aluminum prices increase.