After a year of heavy losses, Pittsburgh-bases steelmaker, U.S. Steel, has announced plans to lay off about 750 nonunion workers across its North American operation— nearly one quarter of all such workers.
These latest staff reductions follow cuts of nearly 800 workers at the company's tubular division in March and a temporary idle of that division’s plants in Texas and Alabama. In February, it announced plans to cut about 75 jobs by outsourcing its treasury and accounting departments.
In November, it temporarily idled its Granite City Works in Illinois after sending layoff warning notices to 2,000 employees. And in August, it announced plans to permanently idle its blast furnace and flat-roll finishing operations in Alabama.
The steelmaker lost $1.5 billion in 2015, and is expected to report a first-quarter loss of at least $1.20
U.S. Steel counts about 21,000 employees in North America, about 18,000 of which are represented by United Steelworkers. The company has another 12,000 in Europe, most of whom are located in Kosice, Slovakia, where more layoffs are expected. Five years ago, those numbers were around 23,000 and 19,000, respectively.
(Photo: United States Steel Corporation)