18
Apr
21:53
ATI to cut 250 flat-rolled jobs
Specialty steel producer Allegheny Technologies Inc is cutting 250 salaried jobs in its flat-rolled division, which the company expects will produce annualized savings of over $30 million.
The cuts will be complete by the end of the second quarter, and will force the company to record $9m in severance charges in its Q1 earnings, Kallanish learns from a company release.
“Reducing our flat-rolled products business’ dependence on unprofitable commodi…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous