Plant Closure Adds To Economic Woes Of Ohio River Community

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Ormet Corp. struggled in recent years because of down aluminum prices and increasing utility costs.(Photo: Flickr)
Ormet Corp. struggled in recent years because of down aluminum prices and increasing utility costs.(Photo: Flickr)

A southeast Ohio aluminum plant is closing its doors.

Ormet Corporation is shutting down its plant in Hannibal. The shutdown means 700 layoffs in the small Ohio River community. A press release from the company blames a decision by utility regulators to restructure existing aid instead of granting additional subsidies.

So what do the closure and layoffs mean for the local economy? WOSU’s Steve Brown spoke with Terry Tamburini, the executive director of the Southeastern Ohio Port Authority.

Click the play button above to hear their conversation.

Comments
  • Donna Kellogg

    I cannot imagine what this will do for that community – did anyone see this coming? and where are our Ohio legislators to help keep this from happening? — there has to be some answers to this – as this should not happen to these people, much less for our state of Ohio business — come on now. Donna Kellogg, Ohio res. since 1976.