Friday, March 8, 2013
Joseph McAuliffe alleges he brought information to light regarding the CEO of a sister company and was fired for it.
Ex-CEO Joseph McAuliffe has filed a lawsuit against Ferry Cap & Set Screw Co. after being reportedly fired for complaining about the CEO of a sister company. McAuliffe's wrongful termination suit alleges the problem began in January 2011 when parent company Doncasters Group showed interest in selling its fastener division, which is overseen by Ferry Cap and Elyria-based Nelson Stud Welding, according to Lovelakewood.com. Ferry Cap Sues Union Members, Eyes Move to Elyria McAuliffe launched a financial analysis of the potential sale using private equity groups, with each party signing strict confidentiality agreements. He claimed he uncovered suspicious activity committed by Nelson Stud CEO Kenneth Caratelli that could have adversely …
Thursday, February 14, 2013
Last week, a federal court judge issued a temporary restraining order that would keep Ferry Cap employees from refusing to work overtime — despite the union agreement.
Despite a 2011 union agreement between the Ferry Cap and Set Screw Company and its union employees, a federal judge has prohibited the workers from “refusing to work overtime” hours at the Lakewood facility. Both city officials and employees are also concerned about the plant consolidating operations with the Nelson Stud facility in Elyria. That’s a move that would take an estimated 120 jobs out of Lakewood. But it’s more complicated than that. Mayor: Ferry Cap Leaving Lakewood Would be a "Big Blow" to the City According to the Plain Dealer, the Ferry Cap company filed a lawsuit against the employees in US District Court in Cleveland on Feb. 5. The named defendants are the International Association of Machinists & Aerospace Workers, the …
41.470851
-81.782359
13300 Bramley Ave, Lakewood, OH
/articles/ferry-cap-sues-union-members-eyes-move-to-elyria
/locations/8808251
The 100-year-old company, which manufactures specialized fasteners, once employed nearly 400 people. It’s now eyeing a move to Elyria, which could cost the city as much as $70,000 in lost income taxes.
Ferry Cap & Set Screw Co. may move all of its 120 employees from the Templar Industrial Park near Birdtown to its sister company’s facility in Elyria. It’s an idea that Mayor Michael Summers said that would be a “big blow” to the city. A lawsuit against union employees refusing to work overtime revealed the potential move. Lakewood Company Sues Union Members, Eyes Move to Elyria “Could we provide economic support to a business to entice them to stay? There’s no forthcoming conversation coming from them,” said Summers. “That’s assuming we have the money, by the way. Which we don’t have.” Summers said that the landlord has made dramatic concessions in an attempt to keep them. “It doesn’t seem that the cost of being there was the objection,” …
41.47073
-81.782612
13330 Bramley Ave, Lakewood, OH
/articles/mayor-ferry-cap-leaving-lakewood-would-be-a-big-blow-to-the-city
/locations/8808263
M-F Schreiber
12:31 pm on Friday, March 8, 2013
It's amazing how many corporate whistle blowers end up unemployed for doing the right thing! more ›