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Workers Seek Employee Owned Plant In McKeesport
In McKeesport Pennsylvania workers plan to buy the 73 year old Condec valve foundry for 8.5 million to form an employee owned company McKeesport Steel Casting Co They would rejoin the United Steelworkers and seek a 2 million federal loan guarantee plus 300000 in local equity Over 70 workers to start rising to 200 plus Former employees would get priority amid 6.3 percent area unemployment and ongoing labor talks with Fort Pitt Steel Casting.
MENTIONED IN THIS ARTICLE
Mckeesport
Pennsylvania
Valve Foundry
Bill Cochenour
United Steelworkers of America
USW
Fort Pitt Steel Casting
Larry Weigand
Federal Economic Development Administration
Ron Garmey
Allegheny County Economic Development Division
Condec Inc
Old Greenwich, Conn
McKeesport Steel Casting Co
Equity
South Bend Lathe
Youngstown Sheet and Tube Co
Campbell
Ohio
Lykes Corp
Steel