Mittal eyeing more layoffs at Sparrows Point
Dec 20, 2006 | 01:45 PM
| Martyn Chase
In another sign of a deteriorating U.S. steel market, Mittal Steel Co. NV, Rotterdam, the Netherlands, has offered a new round of temporary five-week voluntary layoffs to workers at its large Sparrows Point, Md., plant.
The voluntary layoffs have been offered to hundreds of workers at Sparrows Point, which has a total work force of 2,400, union officials said.
It marks the third round of voluntary layoffs this year. About 200 workers signed up for the layoffs in each of the first two rounds. The company previously disclosed a round of voluntary layoffs starting Oct. 15, but had not revealed how many workers had chosen that option.....
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.