U.S. Steel Corp. is laying off a quarter of its salaried workforce in North America as the embattled steel producer cuts costs to deal with weak demand and low metal prices.
The company also is restructuring its European operations, but spokeswoman Sarah Cassella did not provide a number of workers who lose their jobs.
“This is part of the ongoing adjustment to staff levels and operations due to challenging market conditions, including fluctuating oil prices, reduced rig counts, depressed steel prices and unfairly traded imports,” Cassella said in an email.
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