Monday, November 03, 2008

ArcelorMittal halt US steel production

In addition to cutbacks in France and Belgium, Arcelor Mittal have stopped production at their Cleveland plant due to fall in demand.

Both blast furnaces were idled this week, and the company plans to offer voluntary layoffs with partial pay starting next week. About 1,450 union members work at the plant.

Mark Granakis, president of the United Steelworkers local in Cleveland, says there could be as many as 400 job reductions.


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