Alton Steel lays off more than 60 workers - KMOV.com

Alton Steel lays off more than 60 workers

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ALTON, Ill. (AP) - Alton Steel Inc. says it has laid off 62 workers because of less demand in steel markets.

The (Alton) Telegraph reports that's about a quarter of the company's workforce. The layoffs went into effect on Sunday. The company said in a release that the reduced scheduling will continue until business conditions improve.

The Alton layoffs are another hit to the southern Illinois steel industry. The announcement comes less than a month after U.S. Steel in Granite City said it would lay off more than 2,000 workers.

Information from: The Telegraph, http://www.thetelegraph.com

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