230 Jobs cut at Tenaris

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More depressing employment news for Sault Ste. Marie as Tenaris Algoma Tubes announced another round of layoffs affecting 230 workers Thursday morning.

Low oil prices is being blamed once again for the layoffs for the struggling seamless tube manufacturer.

The 230 workers join the other 270 that were cut in December 2015 and this past Spring.

The following was issued today from Tenaris Algoma Tubes

Tenaris announced today that production adjustments will be made at its seamless tubes mill in Sault Ste. Marie, ON. To align production levels with market demand, temporary layoffs will affect approximately 230 employees with staggered effective dates between February 1 to February 8, 2016.

Production levels for TenarisAlgomaTubes are determined by the demand of the North American oil and gas industry. The persistent low price of oil and consequential reduction in drilling activity, along with unfairly traded imports of OCTG (oil country tubular goods) and line pipe, including corresponding high inventories of these products, have driven Tenaris to make this decision.

Tenaris has communicated to employees and informed the Union, in accordance with the Collective Agreement in place.

Tenaris is adjusting the production of its facilities to position the company for sustainable and longterm growth in the Canadian market

 

3 COMMENTS

  1. It’s going to get worse, much worse.
    Tighten up the purse strings, cancel the new car and the vacation plans.
    Hold off on buying that house as the prices are going to plunge.

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