More layoffs announced by US steelmakers
Dec 05, 2008 | 12:49 PM
| Maria Guzzo
U.S. steel producers of both flat-rolled and long products—including the U.S. unit of the world's biggest steelmaker, ArcelorMittal SA—have announced more layoffs as a result of the souring economy.
In flat-rolled, ArcelorMittal is joined by USS-Posco Industries, while on the long products front Gerdau Ameristeel Corp. and Steel of West Virginia Inc. will be making additional job cuts.
ArcelorMittal USA Inc. confirmed that it is temporarily laying off 450 employees at its Cleveland facility, effective immediately. "We anticipate the layoffs to last less than six months," a company spokesman said in a statement.
Sources said the work force reduction is in addition to the 400 workers laid off at its Cleveland steel plant in November (AMM, Nov. 25). The Chicago-based company has idled two blast furnaces at its Cleveland Works and sources have told AMM that four of its nine U.S. blast furnaces are now idle (AMM, Nov. 6).....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.