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 quarter.
The Beverly outage was described as large but was also said to come as other company outages were winding down (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 Globes website.
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 product.