Tuesday, May 21 2013 1:54 PM EDT2013-05-21 17:54:26 GMT
The West Virginia EDA adopted a resolution to allow $150 million in 20-year bonds for new equipment at Gestamp. The state will own the equipment at first, and Gestamp will pay off the bonds on it.
The West Virginia Economic Development Authority adopted a resolution to allow $150 million in 20-year bonds for new equipment at Gestamp. The state will own the equipment at first, and Gestamp will pay off the bonds on it.
Tuesday, May 21 2013 1:49 PM EDT2013-05-21 17:49:56 GMT
Entsorga will take waste and separate steel, aluminum and glass, recycle certain types of biodegradable waste and convert it to an end product that can be used to make cement.
The business, which WVEDA Executive Director David Warner explained was a European technology that takes waste and separates steel, aluminum and glass, recycles certain types of biodegradable waste and converts it to an end product that can be used to make cement.
Tuesday, May 21 2013 11:29 AM EDT2013-05-21 15:29:48 GMT
NEW HAVEN, WV (AP) — Felman Production LLC plans to temporarily idle one of three electric arc furnaces at its ferroalloys plant in New Haven and lay off union workers.
NEW HAVEN, WV (AP) — Felman Production LLC plans to temporarily idle one of three electric arc furnaces at its ferroalloys plant in New Haven and lay off union workers.
Tuesday, May 21 2013 11:23 AM EDT2013-05-21 15:23:48 GMT
Don Arnwine, the national director for McManis Consulting, says he uses the "media test" to find out the efficiency of a company's board of directors."If a board is often in the news, there's trouble in River City."
Don Arnwine, the national director for McManis Consulting, says he uses the "media test" to find out the efficiency of a company's board of directors."If a board is often in the news, there's trouble in River City," said the former president/CEO of Charleston Area Medical Center.
CHARLESTON (AP) — Hundreds of workers at the
Constellium aluminum plant near Ravenswood who went on strike for
nearly seven weeks earlier this year will receive unemployment
compensation benefits, a review panel ruled Monday.
The
three-member state Labor Dispute Tribunal ruled that the striking
workers could receive the benefits because there was not a work stoppage
at the plant during the standoff, Courtney Sisk, a state government
spokeswoman, told The Charleston Daily Mail reports.
The strike began Aug. 5 and ended the
following month when United Steelworkers Local 5668 members ratified a
five-year contract. Under the new contract, workers will receive annual
2.5 percent pay raises, along with a $7,500 ratification bonus. Workers
also will have to pay 5 percent of their health care premiums, beginning
in 2017.
The union represents about 700 of 1,000 employees at the Jackson County plant.
"It's good news, especially right here amongst the holidays," union president Jason Miller said. "We're excited about it."
State
law allows workers involved in a labor dispute to file a claim for
unemployment compensation. WorkForce West Virginia representatives went
to the armory in Millwood on Aug. 21, and 570 Constellium workers
applied for benefits. Employees who did not file a claim then were able
to do so later at any state unemployment compensation claims office.
Monday's
decision comes after a two-day hearing last month by the panel, which
was appointed by the state Unemployment Compensation Board of Review.
The unemployment benefits fund is financed by a tax on employers.
The company could appeal the panel's decision, which would send it to the Kanawha Circuit Court.
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