Two manufacturing facilities in Beaver County will be laying off a total of 560 workers at the end of this month.
IPSCO Koppel Tubulars LLC notified the state it will lay off 350 workers at its plant in Koppel and another 210 workers at its location in Harmony Township. Both facilities will be halting operations effective March 31.
IPSCO is owned by parent Tenaris, which completed its acquisition of the company from TMK Group in January.
Tenaris cited an “abrupt, sharp decline in the price of oil, and subsequent decrease in market activity,” when announcing the layoffs.
You've started reading a story you won't find anywhere else. We rely on engaged citizens like you to hold local power accountable and uncover the truth.
LOCAL GOVERNMENT DOESN'T WATCH ITSELF
That's what we're here for. We investigate the people and institutions making decisions that affect your family, your community and your tax dollars.
$20 A Month – Cancel Online At Any Time
Comments are closed.