SENATE RESOLUTION NO. 9
(By Senators Edgell and Kessler)
Encouraging the Ormet Corporation enter into meaningful discussions
to sell the Ormet Reduction and Rolling Mill facilities to
entities which will continue its operation to the benefit of
workers, retirees, local businesses and the surrounding
communities.
Whereas, The Ormet Reduction and Rolling Mill facilities in
Hannibal, Ohio, have, for over a quarter century, economically
benefitted the citizens of Wetzel, Marshall and Tyler counties of
West Virginia; and
Whereas, Its 1,300 employees and the surrounding communities
in West Virginia suffered a loss of income and tax revenue with the
shutdown of the Ormet Reduction and Rolling Mill facilities; and
Whereas, Retiree benefits are now threatened by the bankruptcy
of Ormet Corporation; and
Whereas, Parties have shown an interest in purchasing the
Ormet Reduction and Rolling Mill facilities at Hannibal, Ohio, and
subsequently are negotiating a fair and equitable agreement with
the workers of the facilities; therefore, be it
Resolved by the Senate:
That the Senate hereby encourages the Ormet Corporation to
enter into meaningful discussions to sell the Ormet Reduction and Rolling Mill facilities to entities which will continue its
operation to the benefit of workers, retirees, local businesses and
the surrounding communities; and, be it
Further Resolved, That the Clerk is hereby directed to forward
a copy of this resolution to Mike Williams, Interim President and
Chief Executive Officer of the Ormet Corporation, and the Honorable
Barbara J. Sellers, Judge, United States Bankruptcy Court, Southern
District of Ohio.
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