Steelmaker ArcelorMittal SA will be indefinitely idling steel bar operations in East Chicago, IN, resulting in the layoffs of about 400 union and nonunion employees, or 8 percent of the Indiana Harbor plant's workforce, said Jim Robinson, a district manager for the United Steel Workers.
The USW received notice of the layoffs Monday from ArcelorMittal, a Luxembourg company that produces 10 percent of the world's steel.
ArcelorMittal said that a worldwide drop in demand for steel led to the layoffs at its Indiana Harbor Long Carbon facility in East Chicago. "This indefinite closure and corresponding layoffs reflect measures the company is being forced to take around the world to adapt to the market's situation," ArcelorMittal said in a statement.
Read the full story at the Chicago Tribune