First Brands Closes Ohio Plants, Faces Fraud Charges
Cincinnati News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
First Brands, a prominent auto parts supplier, is shutting down four Ohio plants, including its Cleveland headquarters, leading to 1,267 permanent layoffs by April 30th. The company, known for products like Fram oil filters and Anco wiper blades, filed for bankruptcy in September 2021 after failing to find a buyer for its North American operations. The closures, confirmed as permanent by state notices under the Worker Adjustment and Retraining Notification Act, have left families and communities in Greenville, Tiffin, and Bowling Green reeling. The situation is further complicated by federal charges against founder Patrick James and former executive Edward, accused of a multi-billion dollar fraud scheme. Both have pleaded not guilty, with their trial set for July. Despite five billion dollars in sales last year, First Brands was overwhelmed by debt from rapid growth.
Support the show
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected]
View sources & latest updates
https://sources.thednn.ai/e3f9bb41846d7139