March 27, 2025 - 19:52
Cleveland-Cliffs has announced plans to lay off approximately 600 employees at its Dearborn Works facility in Michigan. This decision comes in response to a significant decline in demand for automotive steel, which has been adversely affecting production levels.
The company will also be pausing certain operations at the plant as it adjusts to the current market conditions. The automotive industry has faced numerous challenges recently, including supply chain disruptions and shifting consumer preferences, leading to decreased orders for steel used in vehicle manufacturing.
The layoffs are expected to have a considerable impact on the local economy, as many families depend on these jobs for their livelihoods. Cleveland-Cliffs has stated that it will continue to monitor the situation closely and adjust its operations as necessary to navigate the ongoing challenges in the automotive sector. The company aims to ensure its long-term viability while responding to the immediate needs of the market.
