Ottawa severs ties with Plasco as company files for creditor protection
Summary
While its regrettable the Plasco arrangement did not work out, the fact is we have to move forward and find other technologies other than burying garbage in a hole.The 80 laid-off employees all local are to receive one months salary and benefits, as well as any vacation and other time owed to them. The remaining 25 employees, including president and CEO Ray Floyd, have been retained because they are considered key in helping Plasco move into whatever its next phase might be, according to a source with knowledge of the proceedings. Early last month, the city posted a Request for Information for residual waste management technologies and received 37 submissions from places as far away as Korea, Japan, Germany and Spain, as well across Canada and the United States. After years of trials and promises from Bryden that the approvals to expand the operations were imminent Plasco finally received its certification from the environment ministry in 2011, which allowed the company to move ahead with a commercial plant. June 3: Plasco offers to build a $125-million plant near the Trail Road Landfill to take the 400 tonnes per day of Ottawas non-recyclable residential garbage, if council approves the deal.