26
Feb
21:04
Tenaris Algoma further scales back tubular workforce
Tenaris Algoma Tubes is cutting another 20 employees at its Sault. Ste. Marie, Ontario, seamless mill as the company struggles to cope with a prolonged hydrocarbon market downturn.
Concurrent with the loss of a further 20 non-union employees, Tenaris says it is extending layoffs for 230 union employees. The employees were laid off in early February and the mill’s production “… temporarily interrupted until the third quarter of 2016,” Ten…
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Anonymous
Very good overview of the weekly steel market.
Anonymous