Report: Union, ArcelorMittal cut layoffs to 490 (reductions save 2,000 jobs)

[Omaha Steve]

Source: IndyStar.com

Union representatives and ArcelorMittal have reached a layoff agreement, reducing the number of layoffs at the Burns Harbor steel mill from the 2,444 proposed to 490, according to a newspaper report.

ArcelorMittal had estimated the more than 2,400 job cuts as recently as Friday, notifying Indiana's Department of Workforce Development that the mass layoffs would start Jan. 25.

Under the agreement, the company will be looking for 490 workers to volunteer for layoffs lasting from eight to 32 weeks. Depending upon seniority, workers would receive from 60 to 80 percent of their regular pay during this time, the Post-Tribune of Gary reported.

In addition, the company can take 900 workers and schedule them for only 32 hours per week rather than 40.


Read more: http://www.indystar.com/article/20081128/BUSINESS/81128010/1003

[AzDar]

1. A perfect example of why we need to make sure that Bushco doesn't bust the UAW on its way outta

Dodge.

:thumbsup: