Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

USW Outraged by Ormet's Refusal to Pay Property Taxes

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Topic Forums » Economy Donate to DU
 
struggle4progress Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-09-05 07:28 PM
Original message
USW Outraged by Ormet's Refusal to Pay Property Taxes
Union Questions Role of Investment Fund MatlinPatterson

COLUMBUS, Ohio--(BUSINESS WIRE)--Aug. 9, 2005--News from USW: The United Steelworkers (USW) today said that the Union is outraged at Ormet Corporation's decision to withhold property taxes owed to Monroe County for the second half of 2005 because the company's failure to meet its tax obligation will cause further harm in a community already reeling from the effects of an 8-month unfair labor practice strike at Ormet's two facilities in Hannibal.

"Ormet walked on its debts and obligations to our members when the company sprinted to bankruptcy court, and now the company is trying to steal from the loyal taxpayers of Monroe County," said USW District 1 Director David McCall. "Our Union is unequivocally dedicated to making sure Ormet pays for mistreating our members, our families and our communities."

The USW also revealed today that investment fund MatlinPatterson, currently Ormet's largest shareholder, has been linked to several companies that have, like Ormet, disputed tax assessments.

Duke Energy challenged the assessed value of 3 power plants in Mississippi in 2004 at the same time it was finalizing the sale of the plants to KGen Partners, a subsidiary of MatlinPatterson. <snip>

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20050809005077&newsLang=en

Printer Friendly | Permalink |  | Top
applegrove Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-09-05 07:29 PM
Response to Original message
1. There aggression knows no bounds.
Printer Friendly | Permalink |  | Top
 
applegrove Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-09-05 07:31 PM
Response to Original message
2. Who says MBA testosterones never break the law. They do it as
often as the poor. Problematic testosterone is always dangerous...whether it is the sublimated kind corporations & the GOP like ...or physical aggression. No difference.
Printer Friendly | Permalink |  | Top
 
Marthe48 Donating Member (473 posts) Send PM | Profile | Ignore Tue Aug-09-05 07:46 PM
Response to Original message
3. We are victims of ORMET
while they are allowed to change the benefits the retirees thought were part of their retirement packages, and those galliant active union members starve on the picket line, Emmitt Boyle walks away with $50000.00/month for life and assured medical benefits for life. And Monroe County sheriffs, police, courts etc helped ORMET screw the union by limiting pickets, arresting union members and siding with ORMET in the bankruptcy decision. It is too bad that the Igors who abet their evil masters wise up only after they become victims too. Although I doubt that the citizens in Monroe Cty. will wise up, like abused spouses, they will find a way to blame anyone but ORMET.




Printer Friendly | Permalink |  | Top
 
Syncronaut Seven Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-09-05 09:54 PM
Response to Original message
4. Sieze the plants for back taxes, sell to workers for $1
Problem solved.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Oct 31st 2024, 06:27 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Topic Forums » Economy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC