Employment News
Globe Specialty Metals to Cut Jobs
By Erik Even | Dated: 05-29-2009
New York City’s Globe Specialty Metals has seen a 91.5% fall in Q3 profit, and will cut jobs in its fiscal Q4. A precise number of job cuts has not been released.For Q3 ending March 31, the firm’s net income was $900,000, compared with $10.6 million a year ago.
Founded in 2004 as International Metal Enterprises, Globe Specialty Metals is among the world’s largest producers of silicon metal, foundry alloys and steel-making alloys.
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