Golden Casting Corp. Closes, resumes full operations. (Industry News: North America).Golden Casting Corp., Columbus, Indiana Columbus (IPA: [kəˈlʌm.bəs]) is the county seat of Bartholomew County, Indiana. The population was 39,059 at the 2000 census. The current mayor is Fred Armstrong. , closed in April after union officials rejected a proposed 20% cut in wages and benefits. Two weeks later, the foundry reopened when the union agreed to the concessions. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Courier A monospaced typeface originating from the typewriter that is commonly used for letters. It is still considered by many to be the "appropriate" typeface for business correspondence. Journal, Kentucky, while Golden Casting plans to resume full operations, the firm also will file for Chapter 11 bankruptcy protection. "Golden Casting will need to reorganize re·or·gan·ize v. re·or·gan·ized, re·or·gan·iz·ing, re·or·gan·iz·es v.tr. To organize again or anew. v.intr. To undergo or effect changes in organization. its business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets and plans to accomplish this with a Chapter 11 filing," said Douglas G. Bailey, Golden Casting company chairman. Despite the new agreement, Bailey said the foundry is facing "serious challenges," including a loss of business and unpaid accounts with some former customers. One hundred and twenty workers were laid off when the firm closed, It was unclear how many workers would be called back, and for how long. Golden Casting manufactures gray iron engine blocks and cylinder heads for automotive applications. |
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