http://www.baltimorebrew.com/2009/05/06/sparrows-point-faces-a-bleak-future-as-its-latest-owner-stumbles/ Stirring Up Baltimore News and Views Thu, 09 Sep 2010 19:49:17 +0000 hourly 1 http://wordpress.org/?v=3.0 http://www.baltimorebrew.com/2009/05/06/sparrows-point-faces-a-bleak-future-as-its-latest-owner-stumbles/comment-page-1/#comment-17650 Ngreen1965 Sun, 29 Aug 2010 22:56:30 +0000 http://baltimorebrew.com/publish/?p=2367#comment-17650 Severstal is under financially strapped, weaken market. To balancing its Payroll budget, Severstal needs to enforcing more layoff, forcing layoff to the retiments, who are in the age of 60 or older. Strickly eliminated all overtime scheduled, eliminated benefits packages. Shut down Sparrows point , Maryland location because of the high risk of Pollution's lawsuit, sending all the jobs to Missisippi, Ohio and West Virginia. This will helps Severstal to avoid being bankrupted like Bethlehem did years ago. Severstal is under financially strapped, weaken market. To balancing its Payroll budget, Severstal needs to enforcing more layoff, forcing layoff to the retiments, who are in the age of 60 or older. Strickly eliminated all overtime scheduled, eliminated benefits packages. Shut down Sparrows point , Maryland location because of the high risk of Pollution's lawsuit, sending all the jobs to Missisippi, Ohio and West Virginia. This will helps Severstal to avoid being bankrupted like Bethlehem did years ago.

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