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U.S. Steel to lay off 3,500 employees
December 2, 2008
St. Paul, Minn. — U.S. Steel is idling a taconite plant in Keewatin and two other facilities in Michigan and Missouri.
The company says about 3,500 employees will be laid off in total. Amid the global economic slowdown, prices for many steel products have fallen at double-digit rates over the past month.
In October, Cliffs Natural Resources announced it was cutting production at several Iron Range taconite plants.
More from MPR
- Minnesota cities bracing for more bad economic news (12/02/2008)
- Delta to cut capacity; hints at layoffs (12/02/2008)
- Layoffs loom as Iron Range feels pinch of tough economy (12/01/2008)
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