<< Read Full Article

Union: US Steel To Recall 800 Workers In Canada

Stock quotes in this article: X  

DANIEL LOVERING

PITTSBURGH (AP) — United States Steel Corp. plans to recall about 800 laid-off workers at a plant in Canada this summer, partly to avoid possible severance payments under a provincial law, a union representative said Monday.

Like other steel companies, U.S. Steel has faced dwindling orders as the global economic crisis shrinks demand for the metal used in everything from cars to office buildings.

The company has laid off thousands of workers since last fall as it has scaled back production in an effort to match the falling demand. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,388.90 1,105.98 2,194.35 34.68
Oil *
77.37
UP
22.75
UP
6.06
UP
21.21
DOWN
0.15
10 Yr
3.47%
SPDR Gold
113.75
+0.22%
+0.55%
+0.98%
-0.43%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services