ArcelorMittal plans 'mass layoff' at Indiana mill

[OhioChick]

Source: Reuters

Wed May 13, 2009 2:26pm EDT

NEW YORK, May 13 (Reuters) - Steelmaker ArcelorMittal (ISPA.AS) (MT.N) plans a "mass layoff" at its Indiana Harbor mill in July, according to a company letter made public by the United Steelworkers union on Wednesday.

In the letter, posted on USW Local 1011's website, ArcelorMittal said it "has determined that it must substantially reduce the workforce at its Indiana Harbor flat carbon facility."

The company said the purpose of the letter, dated May 12, was to advise the union of "a pending 'mass layoff'" at the plant in East Chicago, Indiana.

It did not specify how many workers would be affected but said the layoffs would be for an indefinite period after July 12.

There was no immediate comment from ArcelorMittal, which like other steelmakers has recently cut production and idled plants because of the economic downturn.


Read more: http://www.reuters.com/article/marketsNews/idUSN1341444620090513

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The bleeding continues....

[saigon68]

1. Meanwhile Gen Motors is building a plant in China

Thanks to the 15 billion dollars of fun money that Geithner has thrown in their direction.

[OhioChick]

2. When are we going to get our "fun money?" n/t

[amandabeech]

3. It's also Rattner and his crew of management consultants who are running GM.

It seems that no one on that team cares one hoot about average Americans and the importance of jobs to our society and political system.

What's more, no one on that team seems to know anything about manufacturing, let alone the auto industry.

It's just one huge FUBAR exercise that appears to be going indefinitely.

[Baby Snooks]

4. The good news is the layoffs will end soon...

Soon no one in this country will have a job to lose.

[aggiesal]

5. ArcelorMittal used to be Inland Steel...

Inland Steel is the largest single facility steel mill in the US.

My dad, and uncle both retired from Inland Steel.
I have a cousin who still works there. He's been
there for over 30 years. So, I think he's illegible
for retirement.
Hope he's not one who gets laid off, or maybe they'll
offer him a generous retirement package.