Mittal continues Weirton phase-out.Mittal Steel USA has notified union locals in Weirton, W. Va., of another round of layoffs, signaling the continued winding down of operations at the 95-year-old plant. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. report, the Independent Steelworkers Union has received official notification from Mittal Steel of the layoffs of approximately 800 workers, another step in the company's plan to permanently shut down the Weirton facility. The late December notification was required by the 1989 Worker Adjustment and Retraining Notification Act The Worker Adjustment and Retraining Notification Act (WARN Act) is a United States law protecting employees, their families, and communities by requiring most employers with 100 or more employees to provide sixty- (60) calendar-day advance notification of plant closings and mass , designed to give employees advance notice of plant closings or mass layoffs. Europe-based Mittal acquired the Weirton plant in April as part of its purchase of the former International Steel Group (ISG ISG Iraq Study Group ISG Iraq Survey Group ISG International Steel Group ISG Integrated Security Gateway ISG Information Systems Group ISG Information Systems Group (IBM) ISG Integrated Starter/Generator ) of Richfield, Ohio. ISG had acquired Weirton only the year before, salvaging it from bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. in 2004. Steel industry analysts have said the Weirton closure is likely just a small part of major facility consolidations planned by Mittal, which could result in the shutdown of other plants. |
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