(AMM) PTC Alliance extends layoffs

NEW YORK 29 June 2009 17:38

PTC Alliance has extended 115 layoffs at its Alliance, Ohio, plant and may lengthen cuts at two plants in Pennsylvania.

The Wexford, Pa.-based company blames the cuts on a business downturn with "no reasonable forecast for recovery."

All told, some 200 PTC Alliance workers have been laid off as a result of the sharp economic downturn.

The company, a player in the steel pipe and tube market, earlier this month announced that 115 layoffs at...


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