Coronet Industries
In January 2004—amid intense regulatory, legal and public scrutiny—I took charge as chief executive officer of Coronet Industries. I pledged to focus on making certain Coronet lived up to its responsibilities to employees, neighbors and the state of Florida.
Economic conditions in the phosphate industry—falling demand, lower prices and higher production costs—led to a decision to cease plant operations in March 2004. Coronet employees were promised a fair separation package and job assistance. It is a promise we kept.
Employees received separation pay and extended health care coverage. In addition, working with the Tampa Bay Workforce Alliance, Coronet also facilitated unemployment compensation claims, retraining and job assistance.
At the time operations ceased, there were concerns that Coronet might simply lock the gates and walk away. On the contrary, Coronet promised to work with government agencies to develop a site assessment and rehabilitation plan appropriate for the facility. The company still has 10 employees, and we are still actively engaged in this task. It is a promise we kept.
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