Posted on 04/06/2016 5:22:42 PM PDT by Olog-hai
U.S. Steel says it is cutting 25 percent of its non-union workforce in North America, or roughly 750 jobs.
The Pittsburgh-based steel producer has about 21,000 employees in North America and about 18,000 are represented by the United Steelworkers union at last count.
(Excerpt) Read more at hosted.ap.org ...
Fixed.
I sold some scrap metal earlier this week. 2 cents a pound.
So it appears that there is a glut of steel out there.
This is just another ripple effect of the dims wrecking the economy.
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