MARCH 28, 2020 — 48 LAYOFFS IN ROCKPORT, INDIANA.
The company has announced that it will be laying off 48 employees at the Rockport works located in Rockport, Indiana. The layoffs will become effective on March 31, 2020 and include 31 in operations and 17 in maintenance that are associated with the APL (Annealing and Pickling Line) operations.
MARCH 7, 2020 — MAJOR WARNING OF POTENTIAL JOB LOSS IN BUTLER, PENNSYLVANIA AND ZANESVILLE, OHIO.
Cleveland-Cliffs Inc., the company that IS acquiring AK Steel for nearly $3 billion and closing the transaction on March 13, 2020, has told Congress that unless steel tariffs were modified, they would be forced to take adverse action.
The company has suggested that it might be forced to lay off 1,500 jobs in Butler, Pennsylvania, and 100 jobs in Zanesville, Ohio, unless the tariffs allow the company to earn a profit.
Unless transformer laminations and cores, which are made from the company’s gain-oriented steel, are included in the tariffs, the two plants will be shut down.Chester, Ohio-based AK Steel Holding Corporation, a producer of flat-rolled carbon,”
Original post…
West Chester, Ohio-based AK Steel Holding Corporation, a producer of flat-rolled carbon, stainless and electrical steel products, has announced the final closure of its Ashland, Kentucky steel works facility by the end of 2019, impacting 260 employees. Employees were notified in January, 2019 about the permanent closure which should have not come as a surprise since many of the operations, including the blast furnace, were idled in December 2015. Many long-term employees are expected to seek retirement and others are welcome to apply to the company’s other facilities in Dearborn, Michigan and Middletown, Ohio.
It is anticipated that 176 employees will be laid off in November and the remaining 84 employees will be laid of in December. The production and hot-dip galvanized coating equipment will be disassembled and transferred to other AK Steel facilities.
The decision was primarily an economic one that involved the costs of raw materials, labor, market conditions, the cost efficiencies of electric furnaces versus blast furnaces, foreign steel imports, tariffs, and and available capacity at other AK facilities.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere ... are you now wondering, Am I Next?