Employment News
Olympic Steel Cuts 21% of Workforce
By Erik Even | Dated: 04-07-2009
Olympic Steel has reduced its workforce by 21% from peak 2008 levels, and cut salaries.The provider of steel products also made company-wide base pay cuts of up to 10%, and has reduced work hours.
Cleveland, Ohio’s Olympic Steel is a steel processor with major production operations in the United States. The company has seventeen facilities throughout the eastern half of the United States. It became a public company following an IPO in 1994. Olympic sells, processes, stores and trades flat-rolled steel in the US and other countries.
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