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| Economy | |
| Steelmaker to lay off 600 employees at Michigan plant due to weak auto demand | |
| 2025-03-28 | |
[FoxBusinessNews] Cleveland-Cliffs attributed the layoffs to weak demand for steel among US automakers
Cleveland-Cliffs said it will idle portions of its plant in Dearborn, Michigan, this summer and lay off roughly 600 employees due to what it said was "the current reality of weak automotive production in the U.S." The company plans to temporarily idle its blast furnace, basic oxygen furnace steel shop and continuous casting factories in Dearborn. Layoffs would take effect July 15. "These actions will allow the company to operate more efficiently and in a more cost-competitive way for the current market environment," Cleveland-Cliffs said in a statement. "We believe that once President Trump's policies take full effect and automotive production is re-shored, we should be able to resume steel production at Dearborn." Related: Steel 03/27/2025 Tourist submarine sinks off Egypt coast: Six confirmed dead on vessel with 44 passengers on board Steel 03/27/2025 Georgia prepares to cancel 455,000 voter registrations Steel 03/27/2025 President Trump announces new auto tariffs | |
| Posted by:Skidmark |
| #4 Mixed reactions over auto tariffs as union says it will revive Michigan jobs |
| Posted by: Skidmark 2025-03-28 09:12 |
| #3 Did you buy one? Can you post the AD? |
| Posted by: Skidmark 2025-03-28 09:12 |
| #2 In the US Mail yesterday. We got a Ford dealership ADsales ad located in a Rural Farm area town. It was offering $25,000 off a 2025 Ford Maverick XL, that has a MSRP of $30,585. So $5,585 I would own a NEW 2025 Ford Pickup???? Either they or the Printers hosed the AD, or they are really hurting for sales. |
| Posted by: NN2N1 2025-03-28 08:54 |
| #1 Preparing for a buyout, or retooling for tanks? |
| Posted by: Skidmark 2025-03-28 07:10 |