Friday, May 3, 2013
The Sparrows Point advisory group stresses most of the jobs are at least 10 years away from reality.
A partnership created by Baltimore County Executive Kevin Kamenetz, in unveiling its vision for the future of the industrial Sparows Point peninsula, says an expansion of the Port of Baltimore could bring more than 10,000 jobs back to the area. The Sparrows Point Partnership, a business advisory group established by the county after the former RG Steel mill closed in May 2012, announced its proposal at a press conference Friday. Chaired by Dan Gunderson, executive director of the Baltimore County Department of Economic Development, the partnership includes representatives from the Port of Baltimore and commercial, real estate, manufacturing, logistics and distribution entities in the region. The committee identified four major area of …
Tuesday, February 19, 2013
In "standard practice," United Steelworkers International officials to take control of assets, phase out local office.
Wednesday, January 9, 2013
The bankrupt company filed more than 280 lawsuits aimed at recovering money paid to creditors in the three months prior to its bankruptcy filing.
Tuesday, January 8, 2013
Bob Jennings was despondent about his future after the closure of RG Steel.
Tuesday, December 18, 2012
Local steelworkers gathered Monday at the union hall, "some to rage, some to mourn."
Thursday, December 13, 2012
"A century of steel making as we know it has come to an end" in Baltimore County, says County Executive Kevin Kamenetz.
The future of more than five miles of land in Sparrows Point no longer lies in in the steel mills. Owners of the former RG Steel plant plan to sell off a $300 million cold mill and eventually raze the buildings on the property, selling the remains for scrap. A second company that owns the land will end up being responsible for helping the county shape the future of the industrial land, according to County Executive Kevin Kamenetz. "A century of steel-making as we know it has come to an end," said Kamenetz during a Thursday news conference. Kamenetz said Hilco Trading which owns some of the buildings and equipment, "plans to liquidate every asset and bring the structures down to the ground." The announcement brings an end to the plant that …
Wednesday, November 21, 2012
Union officials call the plan 'outrageous.'
Monday, November 19, 2012
Insufficient funds were set aside to pay for medical coverage for laid off RG Steel workers.
Friday, September 28, 2012
The mill will be sold or auctioned by the beginning of 2013.
The fate of the Sparrows Point steel mill again hangs in the balance. Environmental Liability Transfer and Hilco Trading, who purchased the former RG Steel back in August, plan to sell all or part of the mill by December. The Hilco website, which features several photos of the site, lists the sale as a "rare opportunity to purchase and operate a steel mill." Hilco has announced the following schedule for buyers: RG Steel sold the mill to the liquidators in August for $72 million, after no steel producers showed up at the auction in New York. More than 2,000 workers lost their jobs after RG Steel filed for bankruptcy in May. The company had purchased the former Bethlehem Steel from the Russian company Severstal North America in 2011, the …
Friday, September 14, 2012
As many as 200 steelworkers retired with the promise of a $10,000 bonus, but some are being told they won't get it.