08
Sep
21:11
Essar Algoma issues layoff notices
Sault Ste. Marie, Ontario-based steelmaker Essar Steel Algoma plans to reduce its staffing levels due to plummeting plate demand, Kallanish understands from local media reports.
The company issued layoff notices to 70-85 employees immediately before the Labour Day holiday weekend. A spokeswoman for the company attributes the layoffs in local media to a reduction in production levels stemming from a drop-off in plate demand in the rail and agricultural markets. A…
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Anonymous
Very good overview of the weekly steel market.
Anonymous