US Steel announced plans to cut 756 workers and employees at the company's two steel production facilities, reflecting lower fuel prices that have impacted energy customers.
The company has issued appropriate warnings about the decision to lay off 614 employees at its manufacturing plant in Loraine, Ohio, and in addition, 142 more workers will be sent home at the processing unit in Houston. The termination notice was sent to workers this week. The layoffs will begin in early March this year.
A spokesman for US Steel explained to the media that the company was experiencing certain difficulties in the current market conditions, mainly due to changes in the energy market.
At US Steel's Lorraine facility, the company produces steel pipes and tubes that are specially made for oil and gas companies, a US Steel spokesman said. He added that the processing unit located in Houston is testing and finishing steel pipes and steel pipes, and the layoffs at the processing units are based solely on reducing the need for these jobs due to reduced demand from oil and gas companies.
The company plans to lay off hundreds of workers, but this does not affect the majority of employees in its enterprises. By the end of 2013, the company had about 26,000 employees across North America, as well as about 12,500 in Europe.
US Steel fires more than half of its workers
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Azovpromstal® 8 January 2015 г. 11:53 |
