Steel Mills

ArcelorMittal Announces More Layoffs as Demand Weakens

April 25, 2020

ArcelorMittal will expand its furlough of employees to include 250 workers at the Cleveland facility. The company has already laid off more than 300 union workers in Indiana and recently cut about 30 percent of its salaried workers.

“The global COVID-19 pandemic has caused significant disruptions to business throughout the world and increasingly across the United States,” said a spokesperson for ArcelorMittal. “As always we have been focused on health and safety practices and processes to protect our employees in their work environments by adhering to the CDC guidelines.

“Our customers and their customers have been impacted by the COVID-19 outbreak and the collective national response required to contain it. Therefore, we also must adapt our production and cost structures to match our customers’ demand in these challenging market conditions. Unfortunately, at many of our operations, both salaried and hourly layoffs are required to adapt our operations to align with customer demand during these unprecedented times.

“We look forward to the world returning to a new normal, which will hopefully enable our employees, our operations and our customers to return to more sustainable levels of steel demand.”