Home Tech U.S. Steel to idle Indiana plant, 150 jobs at hazard By Reuters

U.S. Steel to idle Indiana plant, 150 jobs at hazard By Reuters

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U.S. Steel To Idle Indiana Plant, 150 Jobs At Hazard By Reuters

U.S. Steel To Idle Indiana Plant, 150 Jobs At Hazard By Reuters


U.S. Steel To Idle Indiana Plant, 150 Jobs At Hazard By Reuters

© Reuters. U.S. Steel to idle Indiana plant, 150 positions at possibility

U.S. Steel To Idle Indiana Plant, 150 Jobs At Hazard By Reuters

CHICAGO (Reuters) – U.S. Metal mentioned on Friday it will idle a plant in Indiana by mid-November as section of the consolidation of its until mill operations in the United States, a shift which could result in lay-offs for virtually 150 staff.

U.S. Steel To Idle Indiana Plant, 150 Jobs At Hazard By Reuters

The information arrives times just after the Pittsburgh-centered organization exposed its options to let go of up to 200 staff at its Excellent Lakes facility in Michigan.

U.S. Steel To Idle Indiana Plant, 150 Jobs At Hazard By Reuters

The steelmaker blamed significant stages of minimal-priced imports for its choice to consolidate work at East Chicago Tin facility into the types at Gary Operates and the Midwest Plant in Northwest Indiana.

U.S. Steel To Idle Indiana Plant, 150 Jobs At Hazard By Reuters

The East Chicago facility currently employs 297 staff. A U.S. Metal spokeswoman explained the corporation expects to present 50 % of the personnel positions at the two Northwest Indiana plants.

U.S. Steel To Idle Indiana Plant, 150 Jobs At Hazard By Reuters

“Decisions all over staff impacts have not been finalized,” Meghan Cox, the company’s spokeswoman, instructed Reuters. “Our aim is to place as many East Chicago Tin personnel as probable at other nearby U. S. Metal facilities.”

U.S. Steel To Idle Indiana Plant, 150 Jobs At Hazard By Reuters

U.S. Steel’s shares shut down 5.3% at $11.17 on Friday. Its stock selling price has plunged 76% considering the fact that March 1, 2018, when President Donald Trump announced his final decision to impose 25% tariffs on foreign steel imports to aid revive U.S. steelmakers.

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U.S. Steel To Idle Indiana Plant, 150 Jobs At Hazard By Reuters

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