Fri Dec 20, 2019, 11:50 AM
deminks (10,388 posts)
US Steel is closing a Detroit-area steel mill and laying off 1,500 workers
https://www.cnn.com/2019/12/20/business/us-steel-mill-closing/index.html
US Steel is closing a mill near Detroit, laying off workers and cutting its dividend. The troubled company is trying to reverse operating losses it now forecasts for the fourth quarter. The mill, called the Great Lakes Works, is expected to close its iron and steelmaking operations by April 1. The part of the mill that rolls slabs into sheets of steel will shutter by the end of next year. About 1,500 jobs will be lost, the company said. US Steel had already announced a temporary layoff of about 200 workers at the plant earlier this year. The company may keep some adjoining operations and a warehouse open if justified by customer demand, it said. But it will shift the steel production to a plant in Gary, Indiana, where it recently made a $750 million investment. "We are conscious of the impact this decision will have on our employees, their families, and the local community, and we are announcing it now to provide them with as much time as possible to prepare for this transition," said CEO David Burritt. "These decisions are never easy, nor are they taken lightly." (end snip) But,but,but I thought the Orange Jesus said the economy was doing great, the greatest economy eveh. Even Morning Jerk says the Orange Jesus should run on the economy and get re-elected.
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3 replies, 449 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
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Author | Time | Post |
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deminks | Dec 2019 | OP |
Eliot Rosewater | Dec 2019 | #1 | |
sinkingfeeling | Dec 2019 | #2 | |
Sherman A1 | Dec 2019 | #3 |
Response to deminks (Original post)
Fri Dec 20, 2019, 11:52 AM
Eliot Rosewater (26,859 posts)
1. Didnt happen. Didnt happen. Didnt happen.
that is how this works Didnt happpen. Or, 1500 people cant yell loud enough. Didnt happen. (sarcasm, of course) |
Response to deminks (Original post)
Fri Dec 20, 2019, 11:57 AM
sinkingfeeling (44,053 posts)
2. But, but, the Con saved the steel industry, like 3 years ago.
Response to deminks (Original post)
Fri Dec 20, 2019, 12:09 PM
Sherman A1 (33,686 posts)
3. And
another one in the WIN column for The "Esteemed" Mr. Trump.
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