United States Steel Corp has laid off about 3 per cent of its production workers in North America as the global economic slowdown cut into the demand for steel used in construction, autos and appliances.
The layoffs, effective immediately, include 500 employees in the US and 175 in Canada.
Image: One of the two blast-furnaces at steel giant US Steel will be stopped from November 16, 2008 to January 31, 2009, because of a decline in orders. This will reduce production by 15 per cent. | Photograph: Anne-Christine Poujoulat/AFP/Getty Images
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