NEW YORK Alter
Trading Corp. has laid off up to 40 employees at a Milwaukee
facility it acquired last year.
The St. Louis-based
metal recycling company told AMM it restructured
operations at Miller Compressing Co. to increase efficiencies
and better align the operation with its other facilities in
"The actions that have
been taken at Miller Compressing are in line with the
organizations strategy for aligning Miller Compressing to
the rest of Alter Tradings operations," Andrew Cole,
senior vice president of human resource and organization
development at Goldstein Group Inc., told AMM Nov. 1.
Alter Trading is a wholly owned subsidiary of Bettendorf,
Iowa-based Goldstein Group.
"We want to bring it
to a stage where its increasing efficiencies and
returning to profitability," he said.
Fewer than 40
employees were affected by the layoffs, which included both
hourlies and salaried personnel across the ranks, according to
Cole, who said the reduced work force will have no impact on
the volumes processed at the facility.
"Its a response
to the market conditions that we have been working with for the
last 12 months, during which the market has not been
necessarily wonderful," Cole said.
"The number of people
affected is a combination of layoffs and some retirements. It
in no way affects our ability to get material through the
facility. There have been changes in how we go about processing
material at Miller Compressing to improve efficiencies and
better align it with the other facilities we have in
Wisconsin," he said.
the largest recycler in Wisconsin, has more than 125
years experience in the industry, Alter Trading said when
it acquired the company last year (
amm.com, Sept. 28, 2012).
Alter Trading operates
16 processing locations in Wisconsin including Miller
Compressing and 43 metals recycling facilities in the United