U.S. Steel layoffs part of cost-cutting plan
May 02, 2014 | 07:30 PM
| Michael Cowden
PITTSBURGH U.S. Steel Corp. has laid off employees, including at its Pittsburgh headquarters, as part of a cost-cutting push.
The steelmaker said the move comes as it looks to save $290 million through its "Carnegie Way" initiative, which is aimed at returning the company to long-term profitability.
"A portion of that is related to headcount reductions in locations throughout the world," a U.S. Steel spokeswoman told AMM in an e-mail late May 2. "These have been difficult decisions but have been carefully considered." ....
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