Plant shut down earlier than announced

Grants | Legacy Digitization | Topics | Business & Industry |
Listen: 3500323
0:00

Minnesota's Iron Range is bracing for an economic down turn when LTV Steel closes it's Hoyt Lake taconite mine in February. The company announced yesterday the plant is shutting down several months sooner than earlier announced, putting more than a thousand people out of work. Economists say the closing may strengthen Minnesota's six remaining taconite companies - but any benefits may be diminished by a softening national economy. Minnesota Public Radio's Bob Kelleher reports: {The timing couldn't be worse for the workers of LTV Steel Mining, who expected another eight months on the job. Instead, the company's Iron Mine and taconite pellet production will end February 24th - with a few hundred workers staying on into the summer to ship pellet stockpiles. Laid off workers are faced with Christmas expenses and predictions of soaring winter heating bills.

Funders

Digitization made possible by the State of Minnesota Legacy Amendment’s Arts and Cultural Heritage Fund, approved by voters in 2008.

This Story Appears in the Following Collections

Views and opinions expressed in the content do not represent the opinions of APMG. APMG is not responsible for objectionable content and language represented on the site. Please use the "Contact Us" button if you'd like to report a piece of content. Thank you.

Transcriptions provided are machine generated, and while APMG makes the best effort for accuracy, mistakes will happen. Please excuse these errors and use the "Contact Us" button if you'd like to report an error. Thank you.

< path d="M23.5-64c0 0.1 0 0.1 0 0.2 -0.1 0.1-0.1 0.1-0.2 0.1 -0.1 0.1-0.1 0.3-0.1 0.4 -0.2 0.1 0 0.2 0 0.3 0 0 0 0.1 0 0.2 0 0.1 0 0.3 0.1 0.4 0.1 0.2 0.3 0.4 0.4 0.5 0.2 0.1 0.4 0.6 0.6 0.6 0.2 0 0.4-0.1 0.5-0.1 0.2 0 0.4 0 0.6-0.1 0.2-0.1 0.1-0.3 0.3-0.5 0.1-0.1 0.3 0 0.4-0.1 0.2-0.1 0.3-0.3 0.4-0.5 0-0.1 0-0.1 0-0.2 0-0.1 0.1-0.2 0.1-0.3 0-0.1-0.1-0.1-0.1-0.2 0-0.1 0-0.2 0-0.3 0-0.2 0-0.4-0.1-0.5 -0.4-0.7-1.2-0.9-2-0.8 -0.2 0-0.3 0.1-0.4 0.2 -0.2 0.1-0.1 0.2-0.3 0.2 -0.1 0-0.2 0.1-0.2 0.2C23.5-64 23.5-64.1 23.5-64 23.5-64 23.5-64 23.5-64"/>