There’s more layoffs coming to Tenaris Algoma Tubes in addition to the 180 layoffs announced in December.
Tenaris will adjust shifts at the AlgomaTubes mill to align with production levels, resulting in approximately 90 layoffs beginning on March 2, a media release stated.
The latest round of layoffs are tied directly to the demand of the North American oil and gas industry, the company announced that “the continued decline of drilling activity levels in North America in response to low oil prices and an increase in unfair priced imports has led Tenaris to make these reductions.”
Unfair priced imports are currently under investigation by the Canadian Border Services Agency and the Canadian International Trade Tribunal.
At the first opportunity, Tenaris will begin recalling employees.
Affected employees maintain their recall rights dependent on seniority.
