Summary
COLUMBUS, Ohio - Aluminum maker Ormet Corp. announced Friday it emerged from bankruptcy, giving the company approval to sharply increase retirees' health insurance costs to save money the company says it needs to survive.
As part of the plan approved by the U.S. Bankruptcy Court for the Southern District of Ohio, the company has been cleared to break labor contracts, reorganize its debt and forgo selling two plants.See the full content of this document
Extract
Aluminum Firm Exits Bankruptcy
Last November, more than 1,200 workers at two plants in Hannibal went on strike because of the company's plans to bre...
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