Roundup: Esmark, USW labor pact; Ranbaxy halts Lipitor; Toyota offers 2,000 early retirement; more
By The Tribune-Review
Published: Saturday, Dec. 1, 2012, 12:01 a.m.
Esmark, USW agree to 4-year pact in Ohio
Steelmaker Esmark Inc., based in Sewickley, said on Friday that it reached a four-year, tentative labor agreement with United Steelworkers Local 1223 involving workers at the company's Ohio Cold Rolling Co. plant in Yorkville, Ohio. A ratification vote is expected next week, and Esmark anticipates restarting the plant early next year. The company acquired the Ohio plant out of bankruptcy in August.
Drug maker halts generic Lipitor
Ranbaxy Pharmaceuticals Inc. halted production of the generic cholesterol drug Lipitor while it investigates how tiny glass particles got into dozens of batches of the drug recalled in November. The Food and Drug Administration said Ranbaxy won't resume manufacturing generic Lipitor, or atorvastatin, until it determines the problem's cause and fixes it. Ranbaxy's lead in the generic Lipitor market may be at risk from the recalls. Mylan Inc. of Canonsburg and Watson Pharmaceuticals Inc. could take market share from Ranbaxy, according to a Bloomberg Industries report.
Toyota offers early retirement
Toyota Motor Corp. said it's making early retirement offers to about 2,000 of its veteran U.S. employees, most of whom work at its plant in Georgetown, Ky. Toyota is trying to manage the retirement of the workers who will have at least 22 years with the automaker as of March 31, 2013. About 1,600 of those 2,000 employees work in Toyota's Georgetown factory, where about 6,600 workers make the Camry, Venza and Avalon, according to an Oct. 30 statement on the company's website.
Other business news
• Wesbanco Inc., which completed its acquisition of Fidelity Bancorp Inc. on Friday, appointed Michael Mooney to be president of Wheeling-based Wesbanco's Western Pennsylvania market. Mooney, a 35-year banking veteran, had been executive vice president and chief lending officer at Perrysville-based Fidelity.
• Earthtech Inc., which provides technical and laboratory services to the mining, energy development and other sectors, said on Friday that President and co-founder Dennis Noll will retire at the end of March. Noll, who co-founded the Johnstown-based company in 1980, will be succeeded by Hiram Ribblett, a 37-year engineer and partner at Earthtech, which he joined in 1997.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Penguins’ Bylsma wants Cup version of Letang
- Orpik: Penguins must keep their cool
- Pirates trade for Mets first baseman Davis
- York teen suspended for asking Miss America to prom
- ‘We Are FR’ fund going strong
- Latrobe woman texts searchers in Linn Run State Park to tell them she’s OK
- RiverQuest short of money, looks for a partner
- Rossi: Pens sticking to power-play plan
- Police say Latrobe woman bought gun for boyfriend, who shot neighbor
- Cyrus’ rescheduled U.S. tour now includes Pittsburgh stop in August
- Alvarez struggles as Pirates fall short against Brewers