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Damn! Another plant closes.



Barber Glass has gone into receivership. Heard about this on the morning news. The brief story on the EB's website reports:

"On Wednesday, court-appointed receiver Grant Thornton LLP took control of Barber Glass. The company employs around 45 people at its Collingwood plant; it also has a facility in Guelph, where the company's head office is located."

As a council member, I knew something about some of the plant's difficulties - and that only fairly recently presented in camera - but I can't recall a closure or receivership ever being suggested. This came as a real surprise - a nasty shock, actually - to me.

I'm a bit miffed to hear about this on the news, after the fact, rather than getting some forewarning that there were serious problems developing. Could the municipality have done anything, could council have offered anything to help it continue? Who knows? It's too late now.

If the Economic Development MSB was aware of other problems before this, or knew this could be coming, they did not convey that information to council. I have a lot of questions to ask about why council wasn't kept in the loop. I hate learning about things after it's too late to act. We MUST improve our communications this term.

We start our new term under the cloud of another plant closure in an already shaky economy. My heart goes out to the workers who were laid off. The prospects of finding similar work here are slim.





I am very much of the opinion that our town is in crisis. The recession is not over. Paying the municipal taxes and the PUC bills is a huge challenge for many families and only direction those two items is going is up up up. I'm just furious at the present council for spending our money the way they did. I hope the new council starts chopping.
The round-a-bouts must NOT go ahead.
The outdoor rink must NOT be covered.
Hume Street reconstruction must NOT go ahead.
Whoever planned how and when the downtown reconstruction happened should be fired. Closing whole blocks for months at a time was wrong and cost jobs. One side of a block could have been done at a time.
Whoever let the sidewalks in the older part of town deteriorate to the point of being dangerous should be fired. Some are fixed but not nearly all.
Whoever decided to build wide new walks in remote areas such as out to the bowling alley which cost money to clear in the winter and are seldom used should be fired. There are areas in town where walks are needed.....Oak between 2nd and 3rd.
Whoever approved parking spaces in front of the fire hydrant outside Blue Ridge Meats should be fired.
We have got to get Admiral Place, the Lions' Den building and the Maple Street pojects going. Private development and investment are needed to drive the town's economy forward. We need to think globally and act locally. Man I hope our new council has lots of good ideas and the guts to do what is needed.

ilovemycat, on 12 November 2010 - 02:11 PM, said:

... I hope the new council starts chopping.... I hope our new council has lots of good ideas and the guts to do what is needed.

I can't speak for anyone else at the table, and since we haven't sat down for a single meeting together I can't even hazard a guess at what direction the new council will take. But I believe you will find this group far more willing and eager to address financial and other issues.

We can't fully undo all the damage of the past four years, but some of it we can redress.
Here's the official press release:

Quote

ONE OF CANADA’S LARGEST INDEPENDENTLY OWNED GLASS COMPANIES PLACED IN RECEIVERSHIP BY ITS LENDERS

Unfortunately, Barber Glass has become victim to the ever increasing poor economic times. It is with great sadness that we announce that our lenders have elected to place the company in receivership effective November 10, 2010.

After 127 years of successful operations, the company began an expansion in 2008 with the development of a new state of the art facility serving an oversize architectural glass market.

A major equipment supplier to the new facility had problems in solving their equipment issues resulting in a delay in the startup of commercial production for six months. In addition, the soft economy and the rising Canadian dollar affected asset valuations and sales.

The company had been working diligently to find financing solutions, including through existing and new lenders, suppliers and government agencies, which would satisfy all parties. The company was close to an interim arrangement with the support of its suppliers and customers but was unable to get its operating lender onside. As a result, the lenders have placed the company into receivership.

Currently, the company’s Retail operation at 167 Suffolk has not yet been affected.

John Barber was quoted as saying “The most difficult day of my life was standing in front of my employees to explain that the company had been placed in receivership. This, in spite of three years of significant efforts of the management team, tremendous support by our dedicated employees and loyal suppliers.”
Fire the people who voted for the patios to be kicked to the curb. Wait!! We already did that! I hope that the new council takes its time and gets the new bylaws governing the downtown right. The tents that were put at the curb this summer were a hazard to people parking in front of them. My grandkids routinely go to the walk in front of the car while their Mom gets the baby out of the car and into the stroller. The one time she parked in front of a tent the merchant ordered the kids to get out. The tents are set up perilously close to the curb making access to the sidewalk difficult.

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