Steel Mills
May 12, 2020
Tenaris Lays Off 200 at Bay City Due to Low Oil Demand
Written by Sandy Williams
Tenaris announced it will reduce the workforce at its Bay City tubular mill by 200 employees.
“We have an unexpected combination of events straining U.S. and global markets—a drastic drop in demand caused by the pandemic and an oversupply triggered by the price war between Russia and Saudi Arabia. In these stark conditions, we must right size our team to remain competitive and preserve our long-term commitment,” said Luca Zanotti, Tenaris U.S. president.
