Homer Labs was regarded as the finest steelmaking research and development facility in terms of caliber of people and equipment in the entire North American steel industry. |
It has had an impact on us, but we haven't had any layoffs. We have reduced our volumes, prices have fallen and we are pursuing a variety of (trade) actions at the highest levels of the administration. |
We know employees value the company match, and it's been a mainstay of our program, but we needed to look at all ways to lower costs. |
We're looking at a consolidation with U.S. Steel as leader, with four or five different steel companies involved. |