Gerdau Long Steel North America cut 11 people from its Roanoke workforce to manage adverse business conditions.
A company spokeswoman said that the reduction eliminated about one-fourth of the work force at the company’s Broadway Avenue complex, where Gerdau bases office employees and operates a production yard visible from US 220.
Gerdau, which operates in 14 countries, bought the assets of Roanoke based Cycle Systems in early 2013. Cycle Systems, a nearly 100 year old, family owned firm, employed about 165 people at the time but all were terminated in connection with the sale.
Ms Kim Selph company spokeswoman said that “Gerdau employed 42 in Roanoke shortly after the sale in March 2013. After the effect of Wednesday’s layoff, the number remaining will be 32. All of those affected were offered jobs at a company plant in Lynchburg for one year.”
Ms Kim Selph said that demand for the long steel products it makes is improving in North America. Nonetheless, e have come to accept that we are operating in an environment that has become our ‘new normal. To better position ourselves for success, we are working to build a more sustainable business model. Consequently, we were faced with a difficult decision to reduce a few positions.”
Source – Roanoke
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