Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Massive Layoffs Hit One of Top U.S. Aluminum Plants, Halting Operations
Newsweek ^ | 6/22/22 | Emma Mayer

Posted on 06/23/2022 3:52:21 AM PDT by EBH

One of the U.S.'s top aluminum manufacturing plants has made massive cutbacks to its workforce, putting a halt to all operations for at least nine months, the company said on Wednesday.

Citing an "unprecedented rise in global energy prices," Century Aluminum in Kentucky announced they will be laying off 628 Hawesville Smelter employees starting August 5. In fact, mass layoffs are happening nationwide as fears of an economic downturn continue to escalate.

Century wrote in a letter to employees obtained by the Owensboro Times, which read:

"Unfortunately, an unprecedented rise in global energy prices arising from the Russian war in Ukraine has dramatically increased the price of energy in the U.S. and around the globe.

"The cost required to run our Hawesville, KY, facility has more than tripled the historical average in a very short period. Given these circumstances it is necessary to fully curtail operations for a period of approximately nine to twelve months at Hawesville until energy prices return to more normalized levels."

It added that in order to pause their operations for such a lengthy period, the layoff of the 628 Hawesville Smelter employees would need to take place.

The 628 employees also include 504 employees represented by the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial Service Workers Union, and the American Federation of Labor-Congress of Industrial Organizations, the letter stated.

(Excerpt) Read more at msn.com ...


TOPICS: Business/Economy; News/Current Events; Unclassified
KEYWORDS:
Navigation: use the links below to view more comments.
first 1-2021-4041-59 next last
A 9-12 month layoff.

Article goes on for several more paragraphs discussing some things we really are not hearing about in the MSM.

It gives one pause to consider that Biden's employment numbers are being grossly falsified.

Lay-offs at 95 technology companies affecting 48,000 people since January.

Tesla cuts and the Real Estate cuts happening now.

It is worth noting that this particular plant is known for producing the aluminum used in F-16s and Naval warships.

1 posted on 06/23/2022 3:52:21 AM PDT by EBH
[ Post Reply | Private Reply | View Replies]

To: EBH

But.... but.... but.... our economy is the best it’s ever been with help wanted signs popping up all over the country.


2 posted on 06/23/2022 3:56:54 AM PDT by LastDayz (A blunt and brazen Texan. I will not be assimilated.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: EBH
...employees represented by the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial Service Workers Union, and the American Federation of Labor-Congress of Industrial Organizations...

Will any of the union leaders be removed from office?

3 posted on 06/23/2022 3:57:27 AM PDT by P.O.E.
[ Post Reply | Private Reply | To 1 | View Replies]

To: EBH

“Unfortunately, an unprecedented rise in global energy prices arising from the Russian war in Ukraine.”

____________________________________

Who’d-a-thunk-it? Russia controls global energy! In 2019 the United States was energy independent.


4 posted on 06/23/2022 4:00:29 AM PDT by jacknhoo ( Luke 12:51; Think ye, that I am come to give peace on earth? I tell you, no; but separation.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: EBH

The “recovery” ended in March. There has been no further improvement in the critical Fed EMRATIO (employment-population ratio) since then, and I expect a decline for June.

The Fed started the EMRATIO as a substitute for the unemployment rate when it became apparent that this was entirely untrustworthy after 2008. Not publicised that Ben Bernanke said as much in Congressional testimony. Several times.


5 posted on 06/23/2022 4:06:02 AM PDT by buwaya (Strategic imperatives )
[ Post Reply | Private Reply | To 1 | View Replies]

To: EBH

Wait........why don’t they put up the propellers and the 100’s of acres of Chinese solar panels to power that smelter? We’re supposed to go Green, like they’re forcing on us all....


6 posted on 06/23/2022 4:07:17 AM PDT by traditional2 (lets go B*and*n)
[ Post Reply | Private Reply | To 1 | View Replies]

To: EBH
I miss editors.

The layoffs did not cause the halt in operations--it was the other way around.

7 posted on 06/23/2022 4:08:25 AM PDT by ShadowAce (Linux - The Ultimate Windows Service Pack )
[ Post Reply | Private Reply | To 1 | View Replies]

To: jacknhoo

Even if the US were energy independent it would still be subject to global prices. One would have to ban US petroleum and refined products exports to disassociate the US from global prices. This was the case btw back in the 1970s.


8 posted on 06/23/2022 4:09:10 AM PDT by buwaya (Strategic imperatives )
[ Post Reply | Private Reply | To 4 | View Replies]

To: EBH
Unfortunately, an unprecedented rise in global energy prices arising from the Russian war in Ukraine has dramatically increased the price of energy in the U.S. and around the globe.

You can't fix a problem until you have properly identified the problem. More Russia Russia Russia BS.

9 posted on 06/23/2022 4:09:46 AM PDT by BlackbirdSST (Trump WON!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: EBH
Obama is sitting in his DC Fortress and smiling from ear to ear.

He finally gets to destroy America and doesn't even get the historical blame.

10 posted on 06/23/2022 4:09:47 AM PDT by Lazamataz (The firearms I own today, are the firearms I will die with. How I die will be up to them.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: EBH

One of three smelters.

https://centuryaluminum.com/home/default.aspx


11 posted on 06/23/2022 4:12:03 AM PDT by mad_as_he$$
[ Post Reply | Private Reply | To 1 | View Replies]

To: EBH

Putin’s layoffs.

Best economy ever.


12 posted on 06/23/2022 4:12:15 AM PDT by Cboldt
[ Post Reply | Private Reply | To 1 | View Replies]

To: EBH

We’re in the beginnings of a recession; not to difficult to see.


13 posted on 06/23/2022 4:13:46 AM PDT by carriage_hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: EBH

spot price of 2500usd per metric ton
is off its hi but seems reasonable


14 posted on 06/23/2022 4:15:10 AM PDT by RockyTx
[ Post Reply | Private Reply | To 1 | View Replies]

To: carriage_hill

Recession for now. Lots of chatter from economic observers that this is setting up for some really bad times.


15 posted on 06/23/2022 4:15:46 AM PDT by EBH (Let God Sort Them Out. 1776-2021 May God Save Us.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: EBH

Agreed; some scary times ahead, especially for those not ready for it, and even for those of us who are ready.


16 posted on 06/23/2022 4:17:38 AM PDT by carriage_hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: RockyTx

usD


17 posted on 06/23/2022 4:18:30 AM PDT by RockyTx
[ Post Reply | Private Reply | To 14 | View Replies]

To: EBH
Then there is this infuriating item in the letter to employees…
"Unfortunately, an unprecedented rise in global energy prices arising from the Russian war in Ukraine has dramatically increased the price of energy in the U.S. and around the globe.”
It would seem the executive ranks are either die-hard Dems, want to suck-up to Biden to curry favor, or are economic illiterates.
18 posted on 06/23/2022 4:21:32 AM PDT by ProtectOurFreedom (Wanting to make America great isn’t an insult unless you’re trying to make it worse! ULTRAMAGA!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: EBH

There has to be a first in every thing.
I suspect this is the first of many manufacturing layoffs to come. Then on & on until 2023 will look a lot like 1933


19 posted on 06/23/2022 4:24:13 AM PDT by Tupelo (Don't underestimate The Republican Party's ability to f*ck things up)
[ Post Reply | Private Reply | To 1 | View Replies]

To: EBH

Unemployment is relatively low because they fell off the U-6 metric.
That’s why the labor force participation rate decreased.
After 6 months without a job, poof…you’re not unemployed anymore.


20 posted on 06/23/2022 4:25:09 AM PDT by EEGator
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-59 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson