▁successful ▁in ▁having ▁the ▁Chapter ▁ 1 1 ▁re organ ization ▁converted ▁to ▁Chapter ▁ 7 ▁liquid ation . ▁ ▁On ▁February ▁ 1 7 , ▁ 1 9 8 6 , ▁Cont inental ▁Ste el ▁shut ▁down ▁what ▁remained ▁of ▁its ▁operations ▁in ▁K ok omo , ▁leaving ▁over ▁ 7 0 0 ▁workers ▁job less . ▁ ▁P ension ▁and ▁environmental ▁controvers ies ▁ ▁Even ▁after ▁its ▁closing ▁Cont inental ▁Ste el ▁generated ▁controvers y . ▁ ▁Em bit tered ▁workers , ▁who ▁had ▁earlier ▁been ▁led ▁by ▁management ▁to ▁believe ▁that ▁their ▁p ensions ▁were ▁secure , ▁discovered ▁that ▁this ▁was ▁not ▁the ▁case . ▁ ▁The ▁dispute ▁that ▁en su ed ▁was ▁only ▁partially ▁resolved ▁through ▁compens ation ▁provided ▁by ▁the ▁Federal ▁P ension ▁Ben ef it ▁Gu ar ant y ▁Corporation . ▁▁ ▁In ▁its ▁last ▁few ▁years ▁of ▁operation , ▁Cont inental ▁Ste el ▁had ▁encountered ▁problems ▁with ▁the ▁Indiana ▁Department ▁of ▁Environment al ▁Management ▁( ID EM ) ▁and ▁the ▁federal ▁Environment al ▁Prote ction ▁Agency ▁( E PA ) ▁due ▁to ▁alleg ed ▁impro per ▁dispos al ▁of ▁ha z ard ous ▁was tes ▁and ▁PC B s , ▁and ▁in ▁March ▁ 1 9 8 9 , ▁the ▁ ▁area ▁that ▁it ▁had ▁occupied ▁was ▁declared ▁a ▁Super fund ▁site , ▁with ▁the ▁E PA ▁and ▁IDE M ▁sharing ▁respons ib ilities ▁for ▁a ▁massive , ▁cost ly ▁clean up ▁which ▁would ▁include ▁the ▁de cont am ination ▁and ▁demol ition ▁of ▁its ▁plant