Tenaris Reductions Begin
By Metal Center News Staff
on Mar 29, 2020
Tenaris has reduced its U.S. workforce as a result of the abrupt, sharp decline in the price of oil and subsequent decrease in market activity.
Tenaris has suspended operations at its Koppel and Ambridge, Pa., facilities, starting Tuesday. Operations at the company’s threading plant in Brookfield, Ohio, will be suspended April 17.
Tenaris will also implement employee reductions at its facilities in the southern region, at its threading plant in Baytown, Texas, and at its Hickman, Ark., welded pipe plant. Both of those go into effect April 17.
“These are extraordinary times for our sector that require us to implement difficult, short-term measures to temporarily lean our operations to maintain a long-term solid position to serve our customers,” said Luca Zanotti, Tenaris U.S. President.
The adjustments across the facilities will result in the layoff of more than 900 employees.
Given the ongoing coronavirus outbreak, Tenaris will be offering employees being laid off three months of COBRA health insurance with the possibility of being extended should the outbreak persist.