USS-Posco plans to dismiss 690 employees in the USA

USS-Posco, a joint venture between the corporation has become the United States and the Korean company, reports the dismissal of 690 employees at the end of this month. The production plant was USS-Posco is located in Pittsburgh, California, and a notice of dismissal in the California economic development department is valid until January 14.

A joint venture produces cold -rolled sheets, galvanized sheets, tin and tin on both United States Steel Pohang Iron & Steel Co Ltd, which is based in South Korea. The annual volume of production of a joint venture is about 1.5 million tons.

California is already depressed. The unemployment rate is higher than the national average. And now a steel company, one of the latest manufacturers in the region who remains afloat sends a notification that 690 employees will be dismissed within ten days. "What is this restoration?" He asks Business Journal San Francisco.

More recently, about 800 employees worked on USS-Posco, according to various sources. In September 2011, the plant totaled about 700 employees, and now he threatened to dismiss almost all of them due to a decrease in orders and price pressure from China imports.

In the USA there are two joint ventures between Posco and US Steel. The second joint venture is located next to the Steel-Posco steel plant in Pittsburgh, California. Business Journal San Francisco said that company representatives are not specifying whether it will be a long vacation or dismissal.