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American Electric Power Co., Inc. Message Board

  • sternmouse sternmouse Sep 26, 2003 7:55 PM Flag

    Economic decline of Columbus, Ohio

     

    Columbus is really going downhill...

    April 26, 2001
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    Timken closes its Columbus railroad bearing manufacturing plant, throwing 219 employees out of work. The Canton-based steelmaker said production of tapered roller bearings now made at the Columbus plant will be moved to other Timken facilities within the next 12 months.

    July 22, 2001
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    Columbus Coated Fabrics shuts down, locks out its employees and refuses to pay their last paycheck or severence. Over 450 out of work since Borden sold CCF in 1998

    August 27, 2001
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    Borden Foods, an affiliate of Borden Inc., closes its Columbus headquarters and Polaris research-and-development facility by the end of the year, closing the doors on what a year ago had been a work force of about 300 employees

    July 24, 2002
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    Only 10 months after purchasing the sprawling former Western Electric / Lucent plant on the East Side of Columbus, Celestica shuts the plant down and eliminates the remaining 950 jobs. Work will be sent to Celestica's lower cost facilities in Canada.

    October 15, 2002
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    One day after celebrating its 100th anniversary at the Parsons Avenue site, Buckeye Steel Castings (which was founded by Georgies grandfather, Samual Bush) runs out of cash and shuts down, sending 700 workers out the door. About 40 workers volunteer to work for free to shut down the furnaces in an orderly fashion to pervent damage to the facility. Buckeye subsequently defaults on the worker's final paychecks, although executives are pay $192,000 in bonuses after the bankruptcy sale. Railroad couplers, trucks, frames, etc. must now be imported from China.

    October 31, 2002
    ----------------
    Northland Mall closes, worsening the economic prospects of the Morse Road and 161 Corridors and eliminating almost 1000 jobs.

    This topic is deleted.
 
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