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Court decision clouds Havens' future for Ottawa plants
Havens Steel Co. may be forced to lay off some workers as a court-ordered reprieve allows continued operation for three weeks. A Kansas City bankruptcy judge urged private talks between Havens and bonding company St Paul Fire & Marine to resolve fund release disputes hindering payroll and vendor payments. About 700 employees at Kansas City and Ottawa plants could face shutdown if funding fails. Havens filed Chapter 11 on March 18.
MENTIONED IN THIS ARTICLE
Havens Steel Co
Ottawa
Havens
Kansas City, Mo
St. Paul Fire & Marine Insurance Co
U.S
Jerry Venters
Venters
Bonding Company
Commerce Bank of
Kansas City
R. Pete Smith
Havens Steel