SSM – 230 Jobs cut at Tenaris Algoma Tubes

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Tenaris announced today that production adjustments will be made at its seamless tubes mill in Sault Ste. Marie, Ontario. To align production levels with market demand, temporary layoffs will affect approximately 230 employees with staggered effective dates between February 1 to February 8, 2016. Production levels for TenarisAlgomaTubes are determined by the demand of the North American oil and gas industry. The persistent low price of oil and consequential reduction in drilling activity, along with unfairly traded imports of OCTG (oil country tubular goods) and line pipe, including corresponding high inventories of these products, have driven Tenaris to make this decision. Tenaris has communicated to employees and informed the Union, in accordance with the Collective Agreement in place. Tenaris is adjusting the production of its facilities to position the company for sustainable and longterm growth in the Canadian market.  

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