US Steel Cracks
US Steels drops dividend by 80%, stops buyback and eliminates a factory and 1500 jobs..
All is not well at US Steel. Unfortunate notification for those at the Great Lakes Works facility. 1500 people will be out of work leaving the total loss in that area at 1700 jobs out of this factory. Pulling back the way USS is, does not reflect the narrative of everything is awesome. The approach of pulling back to consolidate their efforts is not out of place. Not like Detroit area needed another major failure in their area. But they got it.