Search Copying and distributing are prohibited without permission of the publisher
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5

  • By submitting this article to a friend we reserve the right to contact them regarding AMM subscriptions. Please ensure you have their consent before giving us their details.

Tenaris Algoma Tubes cutting 83 jobs

Keywords: Tags  Tenaris Algoma Tubes, layoffs, energy tubulars, steel

CHICAGO — Tenaris Algoma Tubes is implementing a "temporary reduction" of 83 hourly workers beginning Jan. 14.

The Sault Ste. Marie, Ontario, seamless energy tubulars producer, a division of Luxembourg-based steelmaker Tenaris SA, said the cuts were due to a "trend of reduced market activity," and the company is therefore looking to align production with demand.

"Although we have not lost any customers ... their demand for product has decreased and they are working off their inventories," a spokesman said, noting that the cyclical nature of the energy industry also influences demand.

About 700 people are employed at Tenaris Algoma Tubes.

Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Latest Pricing Trends