Cleveland-Cliffs announces layoffs of 600 Michigan plant workers

Steelmaker Cleveland-Cliffs This week has been announced, it contains one of its production factories and will travel about 600 employees, citing the soft demand for steel used in cars.

Cleveland-rocks say it will lead to its factory contents in Dearborn, Michigan, this summer and will lay approximately 600 employees, the current reality is Weak automotive production In the USA ”

The company plans to temporarily practice its explosion stove, the main oxygen stove steel store and continuous casting factories in Dearborn. The judgments will take effect on July 15.

“These actions will allow the company to present more efficiently and more expenses and compete in the current market environment,” Cleveland-Rocks said. “We believe that when President Trump’s policy is full effective, and automotive production is re-registered, we must be able to resume steel production in Dearborn.”

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The Cleveland-Rocks note that those who leave work are due to the demand for a soft steel automobile industry. (Dustin Franz / Bloomberg Via Getty Images / Getty Images)

Cleveland rocks say that by July months expect that his CLEVELAND WORKS C6 Blast will return throughout the year. It added that the works of Dearborn are completed by plants, including sour tandem cold mill and continuous galvanized line, will continue to operate and support continuous employment of 550 employees.

Company Decreases in Michigan Follow Cleveland-Cliffs’ statement that it will leave for 630 employees in Minnesota, as it shows its mine in its mining operations. These prospects will begin in May.

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Cargo train steel bears Cleveland-Cliffs Inc. Cleveland works in a steel mill in Cleveland. (Luke Sharrett / Bloomberg Getty Images / Getty Images)

Letter to Robert H. Fischer, Cleveland-Rock Human Resources and Work Relations Executive WDIO ABC He explained the company predicts that the work will be temporary.

“We cannot predict their length that can exceed six months,” the letter said.

In the letter, in 2024, he quoted the decrease in “internal steel demand” as the benefit contributing to the accumulation of iron ore inventory.

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The Cleveland-Rock Fund decreased more than 13% in the previous month, but it downs only 2.7% per year. In the middle of the afternoon, the price of its shares rose by more than 2%.