On September 30, 376 workers at Bayou Steel in LaPlace found out that they were out of a job. The company, which produces structural steel, gave no warning, in violation of the Federal Worker Adjustment and Retraining Act. The law requires that larger employers to give 60 days notice before a mass layoff. The plant is set to close by November 30. It is one of the biggest employers in St. John the Baptist Parish.
Bayou Steel has filed for bankruptcy after being acquired by Black Diamond Capital Management, an investment firm out based in Connecticut. It is common for these types of firms to buy up companies, run them into the ground, make off with the assets, and screw the workers over in the process. The New Orleans Workers Group is willing to stand with these workers in whatever fight they choose to undertake.