Steel layoffs grow as WCI, others cope with order sag
Dec 19, 2008 | 10:24 AM
| Scott Robertson
More steel plants are laying off workers as steel order volumes continue to sag.
The latest casualties come at Severstal Warren in Warren, Ohio, the former WCI Steel Inc., which will temporarily furlough a "substantial" portion of the work force at the plant—reportedly as many as 600 workers, or half the employee total—beginning Dec. 29 as it continues to try to deal with weakness in its order book.
Meanwhile, 69 union-represented workers at the bar-making operations of U.S. Steel Canada, Hamilton, Ontario, will be laid off due to a lack of orders, bringing total layoffs at the Hamilton operations to around 520.
Separately, U.S. Steel Europe plans to put two blast furnaces in Serbia on standby for January; ArcelorMittal USA Inc., Chicago, will lay off workers at Riverdale, Ill.; and Essar Steel Algoma, Sault Ste. Marie, Ontario, is in discussions with the United Steelworkers union about a job-sharing plan that it believes will help it avoid large numbers of layoffs.....
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.