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Steel industry faces massive layoffs and unlikely rebound
At U S Steel Lorain works nearly 800 of 8,400 jobs were cut with more pink slips to come as the plant halves its workforce. Analysts warn many jobs may not return, predicting permanent losses and a shift to modern continuous casting to boost efficiency.
MENTIONED IN THIS ARTICLE
Cleveland
UPI
Jack Gluvna
U.S. Steel
Lorain
Gluvna
Pipe and Bar
U.S. Steel Corp
Republic Steel Corp
U.S
Charles A. Bradford
Merrill Lynch
Pierce Fenner & Smith
Beleives
Bradford
Pennsylvania
Ohio
Japan
National Steel Company