ALTON, Ill. (AP) — Alton Steel Inc. says it has laid off 62 workers because of less demand in steel markets.

The (Alton) Telegraph reports that’s about a quarter of the company’s workforce. The layoffs went into effect on Sunday. The company said in a release that the reduced scheduling will continue until business conditions improve.

The Alton layoffs are another hit to the southern Illinois steel industry. The announcement comes less than a month after U.S. Steel in Granite City said it would lay off more than 2,000 workers.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>