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BUSINESS AGENDA

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    Minntac operator lays off nearly 600 at Iron Range plant

    By Dan Haugen | Published Fri, Feb 20 2009 9:37 am

    The Mesabi Daily News calls it the second blow in a one-two punch against the Iron Range economy.

    U.S. Steel Corp. said Thursday that it's laying off 500 union workers and 90 management employees at its Minntac facility in Mountain Iron.

    The company laid off another 300 workers in December at another facility in Keewatin.

    The Minntac layoffs represent nearly half the plant's workforce. The company is calling them temporary layoffs until the steel market improves.

    An official at the company's Pittsburgh headquarters told the Mesabi Daily News that unlike previous recessions, this one blindsided the industry. In October, nationwide steel mills were at 95 percent production. Today, production is at 40 percent.

    Greater Minnesota | Fri, Feb 20 2009 9:37 am | 1 Comment

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