ArcelorMittal Layoffs Job Cut: closes Cleveland plant, fires 700 employees: Finance Trading Times

ArcelorMittal Layoffs Job Cut: closes Cleveland plant, fires 700 employees

The news is not good for the employees of ArcelorMittal. The steel company is adding more numbers to the already announced layoffs. This time, the affected employees are those employes at the Cleveland Site in Ohio. We had published reports recently about the ArcelorMittal Layoffs Job Cuts in December 2008 and in in November 2008. The recession is taking a toll on all sectors and even the book companies are feeling the heat. The latest additon to the list of organization which may go for layoffs is the ArcelorMittal. ArcelorMittal Layoffs

How many employees may be fired in the ArcelorMittal layoffs?
There will be around 700 layoffs, as per the reports that have come.

What is the total no. of employees of ArcelorMittal?
Total No. of employees of ArcelorMittal is not known as of now. However, it is learnt that there are around 1000 employees at the Cleveland plant, of which 700 will be fired and around 250 will be retained for environmental protection tasks and maintenance of the mill and finishing plant.

Which locations will be affected by the ArcelorMittal layoffs?
This time, its the Cleveland Site in Ohio.

Which departments or business section will be affected by the ArcelorMittal layoffs?
No information about that, but since a plant is getting closed, it appears that each of the departments will be affected.

How much savings can be made by the company from the layoffs?
No details available about that.

What is the primary reasons for ArcelorMittal layoffs?
Company is quoting the reason that economic conditions had foreshadowed the potential for more cuts.

Any other news about ArcelorMittal layoffs
As per IndiaTimes, About 450 of the roughly 1,400 members of the United Steelworkers of America Local 979 already have been laid off in the past three months, Local 979 vice president Dan Boone said.
Let's hope that alternative jobs are available to the affected employees of ArcelorMittal Layoffs Job Cut
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