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U.S. Steel to Lay Off More than 1500 American Workers, Idle Plant

posted onDecember 21, 2019
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Article snippet: U.S. Steel announced that more than 1,500 American workers will be laid off as the company plans to effectively idle a plant near Detroit, Michigan. In two announcements this week, U.S. Steel executives said about 1,545 workers at their Great Lakes Works plant in Ecorse, Michigan, would be affected by plans to idle the plant. Executives wrote in a statement: Coupled with the layoffs, U.S. Steel executives said they expect the company’s financial performance in the fourth quarter to be worse than originally expected. President Trump placed tariffs on foreign imports of steel and aluminum to help boost and protect the American steel industry and U.S. steelworkers. In many regions of the country, steel mills — once forced to close due to the impact of free trade — have reopened and hired formerly laid-off steelworkers. Researchers at the Coalition for a Prosperous America (CPA) have reported that the steel tariffs on foreign steel have helped drive $13 billion in the American steel industry. Economist Jeff Ferry wrote last month: Steve Bennish, who tracks manufacturing employment, questioned whether the U.S. Steel layoffs would be occurring if Republican and Democrat lawmakers had passed a nationwide infrastructure package to not only fix dilapidated roads and bridges, but put American steelworkers to work. “Maybe if Congress tackled an infrastructure bill to broadly upgrade neglected roads, bridges, various grids etc., we’d be seeing different headlines here,” Benn... Link to the full article to read more

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