Johnson Rubber to go out of business

Feb 23, 2008 | Posted by: roboblogger | Full story: Crain's Cleveland Business

Century-old Johnson Rubber Co. in Middlefield, which last December filed for Chapter 11 bankruptcy protection from creditors, plans to close this spring, resulting in the elimination of about 500 jobs. via Crain's Cleveland Business

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1 - 9 of 9 Comments Last updated Jan 19, 2014
Go on take the money

Lawrenceville, GA

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#1
Mar 19, 2008
 

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and run. That's what the Horizon Management Team did. They stopped paying health insurance even before the audit said the inventory was worth $ 3 million less that they said it was. They did not pay 401k matches. They said they would not close but then announced the plant closing just days after they said they would not close. Can you believe anything that Charles Price, Tom Hazelbaker or Pete Hottois said? Is that why DTR, Toyota, Honda and Ford stopped doing business with JR ? Did they not trust Horizon Management ?
The end is near

Chardon, OH

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#2
Mar 28, 2008
 

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and a lot of people will be without jobs thanks to CHARLES PRICE. We wsound how much Max Capital paid him to drive this company into the ground.
Steve

Portland, OR

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#4
Apr 23, 2008
 
It's the way of the US!! we allowed our government to open the doors for companies to leave and go to other countries then we buy those products anyway. Stand up america!! if you want to buy american buy Toyota, Hyundai and Nissan's they at least are built in the states. Foreign companies sell parts cheaper and this is the end result. Closure and lost jobs for americans
CHARLES PRICE

Norwalk, OH

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#5
Apr 28, 2008
 

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DROVE IT INTO THE GROUND. MAX CAPITAL LET HIM DO IT.
Ron and Laura Duncan

Chardon, OH

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#6
Apr 28, 2008
 

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What will happen with all the pollution left behind? We do not believe Middlefield or the EPA will pay for the cleanup. Sincerely, Ron & Laura Duncan - Longtime Middlefield residents
they made out

United States

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#7
Apr 16, 2012
 

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price & podesta
chas

Akron, OH

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#8
Oct 6, 2012
 

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still cashin in.
yup

Los Angeles, CA

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#9
Jul 5, 2013
 
ray podesta still cashin' in. Former employees take the loss.
mismanaged

Hamilton, Canada

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#10
Jan 19, 2014
 
That plant used to be part of a company that owned the plant we work for

The management (Price, Podesta, Hazelbaker and his henchmen) cared less about the employees. All they wanted to do is sell the place. They could not even do that right and ran the plant into the ground. If it was around now in 2013, it would be making money hand over fist.

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