U.S. Steel cuts to include jobs in Pittsburgh
U.S. Steel Corp. is laying off an undisclosed number of employees as a result of its Carnegie Way initiative to cut costs.
The Downtown-based steelmaker this week announced an extra $140 million in savings, primarily from improvements in manufacturing support, supply chain, logistics and sales and administrative functions. Those are done by non-union employees.
Chief Financial Officer David B. Burritt said the additional savings increase 2014 Carnegie Way benefits to $290 million.
“A portion of that is related to head-count reductions in locations throughout the world, including Pittsburgh, our headquarters city,” the company said in a statement issued on Friday by spokeswoman Courtney Boone. “These have been difficult decisions, but have been carefully considered,” the statement said.
U.S. Steel has about 5,000 employees in the Pittsburgh area and about 37,000 worldwide.
Boone declined to disclose the number of layoffs, but said they involved employees in operations and business support functions.
The Carnegie Way was announced a year ago as a “comprehensive business transformation process focused on returning our company to sustainable profitability.”
It has suffered five straight years of annual losses, but on Tuesday reported a first-quarter profit, despite operational issues caused by ice on Lake Superior — delaying iron ore shipments from Minnesota.
Improved prices and expense cuts from Carnegie Way offset those issues. But CEO Mario Longhi forecast reduced income and a loss in its largest segment, flat-rolled steel for automotive and appliance uses, in the second quarter.
John D. Oravecz is a staff writer for Trib Total Media. He can be reached at 412-320-7882 or firstname.lastname@example.org.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Shell shovels $30M into proposed Beaver County plant site
- Of Caitlyn Jenner and workplace restrooms
- Extended oil slump takes toll
- Off-duty but on call: Suits seek overtime
- Tech Q&A: Why you should test your router
- Bond funds hold onto cash
- When it comes to home ownership, Hispanics finding locked doors
- Companies hand out perks, benefits instead of pay raises
- Small business hangs on fate of Export-Import Bank
- Muni bond funds stressed
- $2-per-gallon gas expected by year’s end, but not in Western Pa.