Alton, Illinois-based Alton Steel, a Special Bar Quality steel manufacturer, abruptly ceased operations after a vendor removed scrap steel inventory, rendering the plant unable to operate.
The closure impacted 253 employees, the majority of whom are members of the United Steelworkers Local 3643.
According to CEO Chris Ervin, “Our employees have shown exceptional dedication and skill for more than two decades of production. We have worked tirelessly to modernize this facility and remain competitive. But we've reached a point where the fundamental structural challenges cannot be overcome. The steel industry has changed dramatically, and as a privately held company, we cannot access the capital required to compete with larger, publicly traded competitors that have newer facilities and modern equipment.”
Change is constant, and it's coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, nor promises of a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, at any time, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?