Russian pipe manufacturer cuts jobs, hours at 2 Pennsylvania plants

Associated Press

Oil and gas: Russian pipe manufacturer cuts jobs, hours at 2 Pennsylvania plants

KOPPEL, Pa. (AP) — A Russian steel pipe manufacturer has cut hours and workers at two Pennsylvania plants.

OAO TMK tells the Beaver County Times 115 people have been laid off at its Koppel and Ambridge plants since February. Some employees' hours have been reduced.

The company expected about 75 temporary layoffs representing about a 10 percent reduction at the plants as oil and gas drilling have slowed.

The Moscow-based company says it wants to rehire laid off workers, but that it depends on global oil prices and credit restrictions.

A union leader would not comment.

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