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Cliffs announced plans in early 2016 to close the Empire Mine near Marquette, Michigan, terminating the jobs of approximately 400 workers. [34] The company announced on August 15, 2017, that it was returning to its former brand name, Cleveland-Cliffs Inc. [35] In August 2018, the company sold its Asia Pacific iron ore assets. [36]
A study of workers in 27 countries surveyed in mid-2021 and early 2022 found they would on average be willing to sacrifice 5% of their pay to be able to work from home two to three days per week. 26% would quit immediately or seek a new job if they were required to work five or more days per week. [33]
The operation, on both sides of the Cuyahoga River, is Cleveland's last remaining integrated steel mill, now owned by Cleveland Cliffs. In the Pittsburgh region, mill closures led to a regional unemployment rate that peaked at 17.1% in January 1983, with local unemployment rates as high as 27.1% in Beaver County . [ 12 ]
CLEVELAND (AP) — Cleveland-Cliffs Inc. CLF) on Monday reported a loss of $242 million in its third quarter. The Cleveland-based company said it had a loss of 52 cents per share.
The nation’s automakers objected, too, writing to the White House to say a Cleveland Cliffs-US Steel deal would place 65% to 90% of steel used in vehicles under the control of a single company.
NEW YORK (Reuters) -U.S. Steel Corp is locked in a spat with rival steelmaker Cleveland-Cliffs Inc over a confidentiality pact that would allow the latter to participate in a sale process that is ...
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