August 2006 Update
To date there has been no positive news from the bankruptcy action to benefit
our members.
There is a slight chance of a partial money distribution being paid to you from
the remaining assets of the company but its slim at best. Any substantial monies
to be paid will come if the pending lawsuits that are filed are resolved in our
favor. This I fear may take years for final resolution.
On a positive note I have good information that the new owner of the plant plans
to reopen the plant on a one tank operation very soon. We have former members
now working in the plant to help accomplish this. How many of our former members
he plans on rehiring remains to be seen. He has made no contact with any of the
International Unions since he purchased the plant last fall. Watch the local
news for further developments.
Fraternally,
Lou Brudnock
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