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Globe trims staff at Ohio plant: sources

Keywords: Tags  Globe Specialty metals, Beverly, layoffs, silicon, ferrosilicon


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 wasn’t 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 company’s 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 facility’s 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 Globe’s website.
Concerns also continue to mount over the health of the ferrosilicon sector ( amm.com, June 7).

“It’s pretty gloom and doom at the moment,” one market source said. “There is just no business, and you’ve got traders who don’t want to get stuck with anything and are cutting prices just to get rid of product.”

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