U S Steel Layoffs Job Cut: closes Hamilton, Ontario plant, may fire 2100 employees: Finance Trading Times

U S Steel Layoffs Job Cut: closes Hamilton, Ontario plant, may fire 2100 employees

The news is not good for the employees of U S Steel at its plant at Hamilton, Ontario, Canada. The recession is taking a toll on all sectors and even the steel companies are feeling the heat. The latest additon to the list of organization which may go for layoffs is the U S Steel. The company has decided to shut down its plant at Hamilton, Ontario in Canada and hence that may mean the workers at that plant are laid off.U S Steel Layoffs

How many employees may be fired in the U S Steel layoffs?
Though the precise total of any layoffs is not yet known but since a plant is getting closed, there could be around 2100 layoffs by the U S Steel.

What is the total no. of employees of U S Steel?
Total No. of employees of U S Steel is not known as of now.

Which locations will be affected by the U S Steel layoffs?
The layoffs affect employees at plant in Hamilton, Ontario.

When will the U S Steel layoffs happen?
It is learnt that the job cuts will be complete by the end of September this year.

Any news about previous layoffs by Tyco
Yes. In November 2008, the company had fired 700 out of the 1700 hourly workers.

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

What is the primary reasons for U S Steel layoffs?
Major reason is because of the slumping demand in the steel sector.

Any other news about U S Steel layoffs
As per Reuters, The remaining operations at the plant, including its steel finishing lines and coke ovens, will now be closed as well, the Spectator reported, citing Rolf Gerstenberger, president of the United Steelworkers union at the plant.
Let's hope that alternative jobs are available to the affected employees of U S Steel Layoffs Job Cut
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