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ZEIINOBR, MKS. THMfg. CompanyTo Be ClosedWater bury, Nov. 14—The Wa-erbury. Manufacturing Company Division, of Chase Brass and Cop* per. Co. will be dosed It was.announced by management officials yesterday. The move will directly affect VA employes, some' who are Naugatuck resident si: :According to the company announcement, Che . “ closing will start after all standing ordershave been processed/ It will be in. gradual stages and In alliprob-abiiily it will not/be^comp.Ieted u nti Lsometime v nex I- spring.’ ^The only, exception to.the shut-down, will be;the forging opera: 11 on/which will hi? continued as a complement to the Mill division of-Chase in a location which has not. yet been determined..:,'Jt was emphasized’ that the closing only applies to the,Waterbary Manufacturing Company plant . of r. Chase. Operation of Chase’s Metal Works here will continue. The1 Metal. Works, a larger plant, employees 2,050.-Officials, of the company.and Local 1565, UAW-CIO, had met several times during past weeks fo‘ attempt to work* out a planfor, keeping the plant in.' operation, The company had suggested pay. cuts, but the/ union would not go along with/the plan.News of the- closing; of the North Square plant was received with dismay thronghtoiil the city. The. announcement came after Local 15C5 met wllh management officials at the company offices to discuss a nesv union proposal for continuing operations. :The decision to close down has not been reached hastily but only after a long period of careful study in which we have explored various aspects of . Ihe problem with many people, Including the union representing hourly employes'/1 said Chase Pres.; Glenn P. Bakken. in announcing.the decision which affects 72-1 employes directly and the whole comiTum-if y indirectly.MBasic economic considerations have filially had to dictate the de: cislon/' continued .Bakken's staled mcnt. The factory has suffered serious losses during itie last fewyears. Production, costs.have increased faster than selling prices.f,Wc have recently lost important customers. Our latest customer, in fact, acquired a fabricating plant of his own and since our prices are not competitive we have. been unable tb replace the business lost to us by this move. For I he same reason, .we have been unable to replace business lost in the strike of last year.”* Union officials saw other rea*(Continued On Page 8)
Newspaper Details
Naugatuck Daily News
Naugatuck, Connecticut, US
Thu, Nov 14, 1957
Page 8
Full Page
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Anonymous
USA 24 Jun 2020
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