ThyssenKrupp Steel USA announced plans Monday to lay off nearly 200 workers from its Calvert plant of more than 1,600 people.
The German Steel Company said the reduction of their workforce by 197 jobs, of which 143 are hourly positions, is due to “the increasing costs of raw materials used by the plant and slower than projected growth in carbon steel demand.”
ThyssenKrupp Steel USA President and CEO Christian Dohr said in a statement Monday, “While we continue to make steady headway into our target market, such as automotive and pipe and tube, this has not happened as rapidly as we hoped due to the weaker market conditions that have affected us and the wider steel industry.
“Despite our best efforts, we are unable to continue operating with full headcount any longer. Today, our main priority is to help those team members who will not retain their jobs.”…
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