U.S. Steel Announces Further Layoffs at Indiana Facilities

SEATTLE (Scrap Monster): Pittsburgh-based U.S. Steel Corp. has reportedly laid off additional employees at two northwest Indiana facilities, as part of its efforts to cut its national workforce.

The first round of job cuts was implemented in November last year at several Indiana plants including Gary Works mill and the Midwest Plant in Portage. The company had not disclosed the number of employees affected by the decision. For the recent round of job cuts, the company has not filed a Workers Adjustment and Retraining Notice (WARN) notice. This suggests that the number of lost positions per facility is likely to be below 50.

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Meantime, company spokesperson clarified that the latest round of companywide layoffs has affected only non-union employees-mostly in the managerial or professional designations. The newly announced layoffs are part of previously announced organizational changes, she said. All the affected employees have been provided with resources to assist in their transition to new jobs, she added.

Although 2019 turned out to be a year or notable strategic progress for the company, it reported net loss of $642 million or $3.75 per diluted share during the year. U.S. Steel reported net loss of $680 million in Q4 ’19 alone.