Breland Steel Mill was a local mill which employed 400 odd men before Eric Woodman purchased it as a leveraged buyout and closed it down.
He had initially told the workers that their jobs would be safe as he planned to keep the mill in operation, however, once he had ownership of the mill he found it wasn’t viable to keep it open, so shut it down with 3 months severance pay for all the workers. This caused considerable angst among the workers and eventually lead to former owner and board director, Mike Travers, to hold Woodman’s daughter for a ransom of $5 Million which he was planning on distributing to the former employees. His plan was never completed though as Woodman and MacGyver were able to convince Travers to let Lisa go in return for Woodman looking at reopening the mill for the former employees to return to work.
Hearts of Steel