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December 7, 2012

Step Back in Time: Dec. 7, 2012

(Continued)

Forty persons were employed at the plant when production was at its height, but when the plant closed Friday, the payroll included but 18 women.

Stephen Foldes, chief engineer for the Endicott Coil Company, speaking for the firm, said, “the reason the plant was closed was that the amount of work anticipated did not materialize.”

It was through the efforts of the Hancock Industrial Development Corporation that the Binghamton firm opened its branch factory in Hancock.

The local development organization now faces the problem of endeavoring to bring to Hancock another industry to occupy the plant.

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