Tuesday, November 24, 2015

U.S. Steel will 'temporarily' close Granite City facility, will lay off 2,000 workers | St. Louis Public Radio

U.S. Steel will 'temporarily' close Granite City facility, will lay off 2,000 workers | St. Louis Public Radio:



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Updated at 6 p.m., November, 23, 2015:
U.S. Steel is going through with temporarily idling its Granite City operations.
In a statement released Monday, the company said it is consolidating its work force to match declining customer demand, citing fluctuating oil prices, depressed steel prices and unfairly traded imports. 
Last month, the company sent notices to about 2,000 plant employees about potential layoffs as required by federal law, despite saying it wouldn't shutter the plant earlier in the year.
 U.S. Steel's operations in Indiana, Michigan, Pennsylvania and Alabama won't be affected. A company spokeswoman said no final work date has yet been set.

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