Thursday, April 2, 2020
55.3 F
Beaver
Thursday, April 2, 2020
55.3 F
Beaver

560 Workers Being Laid Off At Two Beaver County Manufacturing Facilities

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.

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John Paul
John Paul
John Paul is an award-winning investigative journalist and founder of BeaverCountian.com. He reports full-time for the site with a focus on public watchdog journalism.

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In Your Opinion

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MysteryMan
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MysteryMan

Everyone loves gasoline under $2 per gallon. The results are economic problems in oil production. There are currently massive layoffs in the Bakken oil fields of North Dakota. The US can’t produce oil as cheaply as some other countries.

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