U.S. Steel Corp. could slash 1,400 jobs as it continues to grapple with a difficult market.
The Downtown-based company late last week notified workers, mostly at plants in Texas and Arkansas, that they could be out of a job as early as June 17, U.S. Steel spokeswoman Sarah Cassella said Monday.
The potential cuts include 579 employees in Lone Star Tubular Operations; 166 in Offshore Operations Houston; 255 at Wheeling Machine Pine Bluff in Arkansas; and 404 managers throughout its tubular operations.
U.S. Steel tubular products has offices in Pittsburgh, though Cassella declined to say whether that location would be affected.
The cuts could be made as the steelmaker adjusts to intense foreign competition, falling demand from its oil and gas customers and rising imports that have depressed steel prices.
“Our ongoing operational and staff adjustments are a result of challenging market conditions and global influences in the market including a high level of imports, reduced prices for oil and natural gas and reduced steel prices,” Casella wrote in an email.
The latest cuts follow a series of steps taken by U.S. Steel to curb costs.
This month, 165 employees at the Irvin plant in West Mifflin were temporarily laid off, just days after U.S. Steel announced it would reduce production at an iron ore plant in Minnesota, affecting at least some of the 680 employees, effective June 1.
Source: triblive
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