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U.S. Steel warns additional 1,404 employees of potential layoffs

 
javierruizleon
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User ID: 64040024
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04/20/2015 03:12 PM
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U.S. Steel warns additional 1,404 employees of potential layoffs
[link to www.bizjournals.com]

A total of 1,404 employees on Friday were issued notices under the Worker Adjustment and Retraining Notification (WARN) Act. This included 404 management employees located in Houston and throughout U.S. Steel's (NYSE: X) tubular facilities; 579 employees in Lone Star Tubular Operations; 166 in Offshore Operations Houston and 255 at Wheeling Machine Pine Bluff, according to U.S. Steel spokeswoman Courtney Boone.
Boone said the company's ongoing operations adjustments are a result of challenging market conditions, including a high level of imports, unfairly traded products and reduced steel prices.
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BunBun

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04/20/2015 03:14 PM
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Re: U.S. Steel warns additional 1,404 employees of potential layoffs
Good find and no, I haven't studied Romans today.
Christard and Lover of God
Anonymous Coward
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Canada
04/20/2015 03:30 PM
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Re: U.S. Steel warns additional 1,404 employees of potential layoffs
I hate US Steel. They bought Stelco in Hamilton, Ontario just to close it. My husband has 35 years there and he just bides his time. They reneged on all promises to the Canadian government and all the people that worked there.
Anonymous Coward
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04/20/2015 03:35 PM
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Re: U.S. Steel warns additional 1,404 employees of potential layoffs
Summer of recovery 6!!!

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