Falling Oil Prices Blamed For Layoffs

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While consumers are getting a price break at the pumps, the news isn’t great  for 180 employees at Tenaris Algoma Tubes in Sault Ste. Marie who were notified of layoffs to take affect early in the new year.

The news came this morning  to  employees with USW Local 9548 at the west end tube mill.  Union officials say they don’t blame the company due to the falling oil prices globally. The layoffs are expected to be temporary perhaps to the beginning of March.

In a statement issued Wednesday morning the company reported activity levels have dropped in North America due to low oil prices.

The mill is scheduled for shut down during the holiday season from December 24 through to January 5.

Tenaris employees 650 workers.

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