V&M Star Steel Laying Off 50 Ohioans

V&M Star Steel is laying off about 50 of its Youngstown, Ohio workers, and delaying a nearly $1 billion expansion proposal.

About 50 V&M Star workers at the Youngstown plant are losing their jobs. The plant employs 465.

Despite the layoffs and the expansion delay, V&M is still committed to the purchase of about 113 acres of land in Girard and Youngstown needed for the proposed project. That location would employ about 411.

The city and V&M plan to have Youngstown spend up to $5 million to purchase the land, most of it in Girard, needed for the expansion, and have the company reimburse the city.

V&M received approval in December from the Ohio Tax Credit Authority for a $2.6 million tax credit for the proposed new location.

V&M manufactures seamless tubes used mostly in the gas and oil industry.

Career Connect (From our other career blogs):

Employment News (Sponsored by EmploymentSpectator)
Following Your Passion-Literally! (Sponsored by iamnotastalker.com)
Job Search Advice from the CEO of TravelingCrossing (Sponsored by aharrisonbarnes.com)
Layoff News (Sponsored by LayOffWatch)

Testimonial of the Week

What I liked about the service is that it had such a comprehensive collection of jobs! I was using a number of sites previously and this took up so much time, but in joining EmploymentCrossing, I was able to stop going from site to site and was able to find everything I needed on EmploymentCrossing.

John Elstner Baltimore, MD

+ Read More Testimonial

Only TravelingCrossing consolidates every job it can find in the domain and puts all of the job listings it locates in one place.

We have more jobs than any other job board.
We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites
We collect jobs from more than 4,429,376 websites and post them on our site.
We are private, and therefore far fewer people are applying for the jobs on our site than are applying for those on public job boards.