TMK Ipsco, Atlas issue pink slips
Dec 07, 2008 | 07:00 PM
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The economic slowdown has worked its way down the pipeline to two more tubular operations in the United States. TMK Ipsco, Downers Grove, Ill., and Atlas Tube Inc., Harrow, Ontario, both confirmed they would reduce production due to the weak economy, resulting in layoffs.
At TMK Ipsco, the cutbacks will involve about 50 people at the company's welded plant in Wilder, Ky., said Ray Rarey, vice president and chief human resources officer. "This is slightly over 2 percent of our entire work force, but 20 percent of the hourly work force at Wilder," he said. "The production cutback is less than 10 percent of our welded production at full....
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