U.S. Steel is laying off 756 employees at two of the steelmaker’s facilities — a move that comes as falling oil prices hurt the company’s customers in the energy sector.
The steelmaker said it issued warning notices on Monday to employees that it would lay off 614 at the company’s Lorain, Ohio, manufacturing site, and an additional 142 at a processing location outside of Houston. The layoffs will be effective by early March.
U.S. Steel [fortune-stock symbol=”X”] spokeswoman Sarah Cassella told Fortune that the company had been experiencing “softening market conditions, primarily related to the energy market.”
In Lorain, the U.S. Steel facility makes steel pipes and tubes that are specifically for oil-and-gas firms, Cassella said. In Houston, employees do testing and finishing for those tubular products, and the layoffs were related to those functions.
While U.S. Steel is laying off hundreds of employees, the move hurts a…
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