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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gab13by13
(21,337 posts)as long as Trump tells those former workers Merry Christmas and not Happy Holidays.
Wellstone ruled
(34,661 posts)so far this year.
But it is okay for slab steel to come in from Russia without any tariff.
llmart
(15,539 posts)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.
durablend
(7,460 posts)They really sticking it to us libs now!
Jim__
(14,076 posts)patphil
(6,176 posts)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.
Luciferous
(6,079 posts)Mc Mike
(9,114 posts)Failing fascist fuck.
cheezmaka
(737 posts)and Bozo imposes tariffs to cause it to close in less than 12 months.... smh
Capt. America
(2,477 posts)Skittles
(153,160 posts)Trump cannot be trusted, he DOES NOT CARE