Steel Mills
April 6, 2016
US Steel Lays Off 25% of Salaried Workers
Written by Sandy Williams
US Steel will lay off about 25 percent of its salaried workers in its latest cost cutting effort. It is estimated about 750 employees in the 3,000 North American salaried positions will be laid off.
“This is part of the ongoing adjustment to staff levels and operations due to challenging market conditions, including fluctuating oil prices, reduced rig counts, depressed steel prices and unfairly traded imports,” said US Steel spokeswoman Sarah Cassella. “Many factors were carefully considered, including skills, knowledge and technical proficiencies needed to meet business needs.”
