U.S. Steel Cutting 3500 Jobs As Jobs Hemorrhage Continues

http://www.laborradio.org/node/10017

On the heels of new numbers showing a drop of 250,000 jobs in the United States in October through November, Wednesday brought yet another day of mass layoff announcements. Jesse Russell reports:

According to the ADP National Employment Report 250,000 U.S. jobs were lost in the United States from October to November. Since August 2006 the construction industry alone has shed 521,000 jobs. So it didn’t come as a surprise Wednesday when the country’s largest steelmaker, U.S. Steel, announced plans to cut 3,500 salaried and union jobs. There has been a major drop in steel orders as new home construction continues to stall and the auto watches sales plummet. The layoffs amount to 13 percent of the company’s North American workforce. The job cuts will come at three locations: one in Minnesota, another near Detroit, and a third near St. Louis.