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riversedge

(70,215 posts)
Fri Dec 20, 2019, 12:33 PM Dec 2019

1,500 steel workers laid off two days after Trump says 'US steel mills are doing great'

Source: raw story


December 20, 2019



A US steel mill in Detroit has shuttered, leaving around 1,500 people out of a job. Great Lakes Works will close its iron and steelmaking operations by April 1, just months after US Steel announced a temporary layoff of about 200 workers, CNN reports.

“We are conscious of the impact this decision will have on our employees, their families, and the local community, and we are announcing it now to provide them with as much time as possible to prepare for this transition,” CEO David Burritt said, according to CNN. “These decisions are never easy, nor are they taken lightly.”


“In order to further accelerate our strategy of creating a world-competitive…US Steel, we must make deliberate but difficult operational decisions,” Burritt continued. “In this case, current market conditions and the long-term outlook for Great Lakes Works made it imperative that we act now, allowing us to better align our resources to deliver cost or capability differentiation across our footprint.”


The 25% tariff on steel imports levied by the Trump administration last year were supposed to help the company, but a short-term rise in steel prices caused the administration to back off. October brought the industry its first losses since the tariffs were imposed................................

Read more: https://www.rawstory.com/2019/12/1500-steel-workers-laid-off-two-days-after-trump-says-us-steel-mills-are-doing-great/



Such bad news to get during the holidays---or any time for that matter.





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1,500 steel workers laid off two days after Trump says 'US steel mills are doing great' (Original Post) riversedge Dec 2019 OP
Yeah but it's ok, gab13by13 Dec 2019 #1
Believe this is number three for US Steel Wellstone ruled Dec 2019 #2
Just got home from the grocery store... llmart Dec 2019 #3
Look on the bright side, folks durablend Dec 2019 #4
Just further demonstration of Trump's complete ignorance of what is going on around him. Jim__ Dec 2019 #5
That's 1500 jobs directly affected, and how many more that depend on that mill? patphil Dec 2019 #6
More winning? Luciferous Dec 2019 #7
Another glorious tRump victory, another Maga triumph. Bigly. Mc Mike Dec 2019 #8
That steel mill's been around since the early 1900s.... cheezmaka Dec 2019 #9
Well, they have those great coal jobs to fall back on...oh wait... Capt. America Dec 2019 #10
I feel bad for these workers Skittles Dec 2019 #11
 

Wellstone ruled

(34,661 posts)
2. Believe this is number three for US Steel
Fri Dec 20, 2019, 01:10 PM
Dec 2019

so far this year.

But it is okay for slab steel to come in from Russia without any tariff.

llmart

(15,539 posts)
3. Just got home from the grocery store...
Fri Dec 20, 2019, 02:45 PM
Dec 2019

I was chatting with the cashier while she rang me up. I mentioned to her how prices for food this Christmas had really gone up. She said, "I know and my husband just got laid off, so we're going to have to tighten our belts." She said he was in construction of some sort, so not steel, but still. I hate hearing that at Christmas.

patphil

(6,176 posts)
6. That's 1500 jobs directly affected, and how many more that depend on that mill?
Fri Dec 20, 2019, 04:24 PM
Dec 2019

Local businesses, suppliers, shippers, and others also will be affected, not to mention the loss of tax revenues that helped support the community.
It has a ripple effect that affect thousands more.

cheezmaka

(737 posts)
9. That steel mill's been around since the early 1900s....
Fri Dec 20, 2019, 08:02 PM
Dec 2019

and Bozo imposes tariffs to cause it to close in less than 12 months.... smh

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