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Tuesday, January 13, 2015

U.S. Steel Cites Low Oil Prices as Reason For Layoff of Over 600

From Fox 8 News:
Workers at U.S. Steel Tubular Operations received a major layoff notification on Monday. 
A temporary idling of the plant will begin on, or shortly after, March 8. Layoffs could occur until May. 
The layoff affects all operations and units at the plant. A spokesman told Fox 8 Monday evening that 614 jobs are affected. 
According to a letter from the company to a union president based in Pittsburgh, the layoffs are the result of a decline in market demand for tubular steel. Tubular steel customers are usually in the gas, oil and petrochemical industries. 
There is no indication as to the length of these temporary layoffs.


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