The headquarters of the United States Steel Corp., in Pittsburgh.
John Heller | Bloomberg | Getty Images
U.S. Steel said on Friday that it will idle a plant in Indiana in mid-November as part of the consolidation of operating operations in the United States, a move that could lead to layoffs for nearly 150 employees.
The news comes days after the Pittsburgh-based company revealed its plans to release up to 200 workers at its Great Lakes facility in Michigan.
The steel manufacturer blamed high levels of cheap imports for its decision to consolidate work at the East Chicago Tin plant. in the ones at Gary Works and Midwest Plant in Northwest Indiana.
The East Chicago plant today employs 297 workers. A U.S. The Steel spokeswoman said the company expects to offer half of its staff positions at the two northwest Indiana plants.
Much Cox, the company's spokeswoman, told Reuters. "Our goal is to place as many East Chicago Tin employees as possible at other U. S. Steel plants nearby."
U.S. Steel's shares dropped 5.3% to $ 1