Jun 25, 2022. The news is only the latest twist for the troubled project, which has been plagued by fundraising questions and the ouster of the CEO formerly overseeing the venture. Kentucky aluminum plant cuts off production, lays off 600 workers Copyright 2021 WSAZ. Ive been very concerned about it for a while. Regulators are searching for a solution to First Republic Banks woes, hoping to find a way forward before U.S. stock markets open Monday, America's high school graduates are often encouraged to start at a community college before getting a bachelor's degree, but the money-saving move rarely works as planned, The rising Mississippi River will continue to test flood defenses in southeast Iowa and northwest Illinois as it crests in the area on Monday. The closure of the aluminum plant also had environmental implications. Bill orders Kentucky to recover $15 million in stalled The mill has It is clear that the closure of the aluminum plant has had a long-lasting and far-reaching impact on the local community. Matt Bevin, but current Gov. In a statement, the company says the plant idling is HAWESVILLE, Ky. (AP) A large aluminum plant in Kentucky is temporarily halting production and laying off more than 600 workers due to rising energy costs. He said that management was always looking for ways to cut costs and improve efficiency, but these efforts were ultimately unsuccessful in keeping the plant afloat. Someone didnt deliver something quite recently, in any event. or redistributed. It said, We were previously advised of these changes and it is our understanding they do not impact the current status of the project., Massie, R-Vanceburg, said Friday afternoon that he did not know what the deal is., He said he had no advance notice that Bouchard was stepping down and it took me by surprise as well., Asked if he was concerned about the project, Massie said, Ive always assigned startup odds to it. Meanwhile, Kentucky Attorney General Daniel Cameron asked interim Economic Development Secretary Larry Hayes Friday to provide records by Feb. 7 about the states ties with Braidy Industries. Will The Real CEO Of Braidy Industries Please Stand Up? The announcement this week was the latest chapter in what has been a long, tortuous effort to build a new aluminum plant in a region struggling to create jobs, but officials in Kentucky arent ready to give up yet. Through interviews with former employees, local businesses, and politicians, we gained insight into the causes of the closure and its effects on the local economy, environment, and politics. Kentucky aluminum plant The company that received $15 million in taxpayer money to build an aluminum mill in Eastern Kentucky is changing its name as it looks to move forward without its former chief executive.
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