Salem's Quaker Mfg. sued by bank for breach of contract - WFMJ.com News weather sports for Youngstown-Warren Ohio

Salem's Quaker Mfg. sued by bank for breach of contract

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SALEM, Ohio -

A Pittsburgh-based bank has filed legal action against Quaker Manufacturing of Salem for alleged breach of contract in the amount of four-point-eight million dollars.

Two weeks ago Quaker issued a warn notice of a possible closing and the permanent layoff of 115 employees.  

There are reports about two other companies having an interest in purchasing Quaker Manufacturing.  

The mayor of Salem says he remains optimistic that the plant won't go dark.  "Keeping the business open and operating and seeking new customers, as well as the ones that could be retained, is a pretty good economic way to keep a business running, I'm hoping that's what's being looked at at this point,"  said Mayor John Berlin.

The mayor says until he actually sees layoffs taking place he will remain optimistic.

Under the warn notice filed by the company on June 6, layoffs could begin this week. 

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