U.S. Steel announces plan to stop steel production at Great Lakes Works
2019-12-23 16:21:32 [Print]
United States Steel Corp plans to lay off as many as 1,545 workers at its Great Lakes Works facility in the electoral swing state of Michigan following its decision to indefinitely idle a significant portion of the facility.
Steel production at the plant will stop around April 1 and the hot-strip mill rolling facility will cease operations before the end of next year, the company said in a statement late last Thursday. Production will be shifted to Gary Works in Indiana, the statement added.
The latest layoffs come months after the company decided to temporarily let go of 48 employees at the facility and warned of up to 200 more layoffs.
The Pittsburgh-based company attributed the move to weak demand, lower steel prices as well as strategic alignment of its footprint.
Steel production at the plant will stop around April 1 and the hot-strip mill rolling facility will cease operations before the end of next year, the company said in a statement late last Thursday. Production will be shifted to Gary Works in Indiana, the statement added.
The latest layoffs come months after the company decided to temporarily let go of 48 employees at the facility and warned of up to 200 more layoffs.
The Pittsburgh-based company attributed the move to weak demand, lower steel prices as well as strategic alignment of its footprint.
