CHICAGO Globe Specialty Metals Inc. has laid off about
40 workers at its silicon metal and specialty alloy facility in
Beverly, Ohio, in recent weeks, according to market sources.
It wasnt immediately clear if the layoffs were part of
maintenance programs that had been previously announced by the
New York-based silicon producer, a reaction to market
conditions or both.
No Worker Adjustment and Retraining Notification (WARN) Act
notice was issued because the layoffs did not meet the
threshold that would have triggered one, sources said.
Globe declined to comment to AMM
on any layoffs or
operational details. But company executives said during an
earnings call last month that the Beverly facility was slated
for a 60-day outage during the companys fiscal fourth
The Beverly outage was described as large but was
also said to come as other company outages were winding
amm.com, May 7
Sources familiar with the layoffs said they came as Globe shut
down three smaller and older furnaces at Beverly that had been
devoted to making specialty ferrosilicon products.
The facilitys two larger furnaces were said to be
operational making ferrosilicon and specialty ferrosilicon but
no silicon metal.
The Beverly plant has five furnaces capable of making silicon
metal, specialty alloys and ferroalloys, according to
Concerns also continue to mount over the health of the
ferrosilicon sector (
amm.com, June 7
Its pretty gloom and doom at the moment, one
market source said. There is just no business, and
youve got traders who dont want to get stuck with
anything and are cutting prices just to get rid of