Jobs at the South Charleston stamping plant are safe for now! That word came from the owner, Union Partners, late Friday afternoon.
This comes as a relief to workers and community members who have been on pins and needles for days. WSAZ talked with company leaders Friday and the say there are no plans to file bankruptcy.
Union Partners released a statement to us. It says this new line of credit that has been secured “…will provide the company with the ability to continue operations as planned.”
John Andrica is the managing director of Union Partners. He said this money will help them pay most of the bills at the troubled plant, adding they still have a long way to go. The plant’s two main contracts are with General Motors and Freightliner. The 300 or so workers there stamp out parts for those cars.
Andrica calls this an industry in transition. Leaders in South Charleston call this good news for the city’s economy.
It affects a lot of jobs when you lose a business like that in the community, so we are glad they are going to stay open, and we are glad for the families and the other businesses that have retail business off the big business," said Bob Anderson, director of the South Charleston Convention & Visitors Bureau.
The news of the plant remaining open is still filtering out. We actually informed one of the union leaders. He's not commenting until he hears it from the company.
It's always tough to get a count of actual workers at the plant with so many fluctuations, but our last count put the total around 330 workers.