The tariff strategy was not enough to preserve the jobs of 1,500 steel workers in the Detroit area who are being laid off by U.S. Steel.
The Great Lakes Works in Ecorse and River Rouge, Mich., will have three portions of its operations drawn down with iron and steelmaking operations ceased by April 1.
The company also reported a reduction in its dividend after reporting in October its first quarterly loss since the implementation of the tariffs in 2018.
Read the full story on CNN.
Related News
- SMART-TD Yardmasters Reach Tentative Agreement
- For Wisconsin’s State Legislative Director, Role is More Than a Title
- Get the Facts on the Union Pacific Arbitration Award from SBA 1208!
- New Jersey Passes Two New Pro-Labor Laws Backed by SMART-TD
- VILP Enrollment Extended Through September 26!
- FRA Expands Bridge Safety Oversight
- Rep. Lawler’s Transit Funding Flexibility Act of 2025 receives SMART-TD Endorsement
- Join Railroaders from Across the Country for Houston Rail Labor Solidarity Rally!
- Registration Open for Atlanta Regional Training Seminar
- 2025 Labor Day Message from SMART-TD President Jeremy Ferguson