WASHINGTON (dpa-AFX) - United States Steel Corp. (X) announced it will temporarily adjust operations at Lone Star Tubular Operations in Lone Star, Texas, and Fairfield Tubular Operations in Fairfield, Ala. Fairfield Works, the primary flat-roll supplier of rounds to Fairfield Tubular Operations, will also adjust operations.
The company said the adjustment in operations is a result of softening market conditions. Global influences in the market, like unfair trade and fluctuating oil prices, continue to have an impact on the business, United States Steel said.
As a precaution, 1,918 represented employees across the three locations have been advised of the upcoming adjustment and are being issued notices under the Worker Adjustment and Retraining Notification (WARN) Act, U. S. Steel said. The company noted that the adjustment in operations is a temporary reduction in operating levels and is not a full idling of plant operations.
Copyright RTT News/dpa-AFX
© 2015 AFX News
