NEW YORK U.S. Steel Canada plans to lay off about 175 salaried employees across both of its facilities as part of efforts to reduce costs, a company spokesman told AMM.
The move by the subsidiary of Pittsburgh-based U.S. Steel Corp. will affect employees at the companys Hamilton Works and Lake Erie facility, located in Hamilton and Nanticoke, Ontario, respectively.
"The difficult and permanent decision to reduce salaried, nonunion employment levels at U.S. Steel Canada is necessary to improve the cost structure of our Canadian business, and is part of a worldwide effort by the company to streamline the way we run the business in our pursuit of financial sustainability," a U.S. Steel Canada spokesman said in a Feb. 4 e-mail.
No unionized employees will be part of the work force reduction, he added.
The announcement marks the latest in a number of global moves by U.S. Steel that are part of an initiative referred to as the "Carnegie Way," including top management changes last month at U.S. Steel Canada (amm.com, Jan. 24). In October, company president and chief executive officer Mario Longhi told analysts that U.S. Steel was permanently shuttering the iron and steelmaking operations at Hamilton to make the company more profitable (amm.com,Oct. 29).