Monday, November 24, 2008

Steelmaker warns up to 2,444 layoffs at Ind. plant

As many as 2,444 employees at ArcelorMittal's steel plant could be laid off indefinitely in January, the company said.

The company has notified the United Steelworkers and other stakeholders about the possibility of an "indefinite layoff" at the Porter County plant beginning in the second half of January, ArcelorMittal announced Friday.

The recent drop-off in global steel production and the company's previously announced plan to reduce production in North American by 40 percent played into the decision, the company said.

"Potential work force reductions are a direct result of the extraordinary economic environment we are facing, and the company hopes to return workers to their jobs as market conditions warrant," ArcelorMittal said in a statement.

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