ArcelorMittal Lay off Job Cut: may fire 2444 employees: Finance Trading Times

ArcelorMittal Lay off Job Cut: may fire 2444 employees

The bad news of layoffs have started coming in from all corners of the world. THe latest one to add to the list is from the biggest steel company of the world called ArcelorMittal which is reported that there is a big possibility that it may have to cut the workforce by around 2500 employees. It may go for the Lay off or job cut very soon. .ArcelorMittal Lay off Job Cut

The company has reported that around 2,444 employees at its Burns Harbor plant in the U.S. could be laid off indefinitely in January.

How many employees will be affected due to the ArcelorMittal Lay off Job Cut?
Arouond 2444 employees will be affected if ArcelorMittal goes for a Lay off Job Cut.

Which plant location will the ArcelorMittal Lay off Job Cut happen?
The Job cut might happen at Burns Harbor plant in Indiana in the U.S.

When will will the ArcelorMittal Lay off Job Cut happen (date)?
The lay offs will start in January 2009, which will mean a very bad start to the New Year for the affected employees, if any.

What has led to the ArcelorMittal Lay off Job Cut?
Same old reasons are being cited by the management- Global recession, drop in demand of steel, drop in steel prices, and so on. Ultimately, all it means that job cuts will be there.

Any other updates for ArcelorMittal Lay off Job Cut ?
As per the news, The release said the company had notified the United Steelworkers and other stakeholders "about the potential for an indefinite layoff" of employees at the facility beginning in the second half of January.

"Potential work force reductions are a direct result of the extraordinary economic environment we are facing, and the company hopes to return workers to their jobs as market conditions warrant," the release said, the Web site reported.
Jim Robinson, director of United Steelworkers District 7, said the union is negotiating with ArcelorMittal to minimize the number of layoffs, the Web site reported.

Let's hope that alternative jobs are available to the affected employees of ArcelorMittal Lay off Job Cut.
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