U.S. Steel Starts Layoffs

By Purchasing Staff -- Purchasing, 12/11/2008 7:00:00 AM

With steel buyers on strike and demand collapsing across North America, U.S. Steel has laid off about 3% of its unionized production workers. The global economic slowdown has cut deeply into demand for the company's sheet steel used in construction, autos and appliances. The Pittsburgh-based company has laid off 500 employees in the U.S. and 177 in Canada. Other steelmakers are expected to follow the staffing cutbacks.

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