"Obviously, the no vote has a potentially very large negative impact on the area," Huntington Mayor David Felinton said. "It’s obviously very disappointing, but I don’t know if you can necessarily blame them for voting against it, either."Do I really need to note that Mayor Felinton, since his party was not identified, is a RAT? And only in his late 20s? (You can actually see him hanging out behind City Hall on weekdays, smoking cigarettes with his buddies, as if he was still in 10th grade and sneaking smokes in the back of his high school?)Special Metals employs 986 people at its factories at Huntington and Burnaugh in Boyd County, Ky. The company paid $52 million in local wages last year and about $23 million in pension benefits.
According to figures provided by the company, its total economic impact in the Tri-State was at least $90 million last year.
Special Metals is the world’s largest and most diversified producer of high-performance nickel-based alloys. The company has 10 production facilities in the United States and Europe, a global distribution network and 5,000 customers worldwide. International operations were not affected by the bankruptcy.
Here's the key sentence I was looking for. If anyone wonders why manufacturing jobs are leaving the U.S., this article lays it all out clearly.
Don't worry about Special Metals, they'll be just fine.
The Chinese will pick up the slack.