Mittal continues Weirton phase-out.
According to an Associated Press 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, 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) of Richfield, Ohio. ISG had acquired Weirton only the year before, salvaging it from bankruptcy court 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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|Article Type:||Brief Article|
|Date:||Feb 1, 2006|
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