OPEN VIDEO

SCROLL DOWN

Tenaris announces layoffs at its Prudential facility

Tenaris announced layoffs today at its welded steel pipe manufacturing facility in Calgary, AB. The company anticipates the layoffs of approximately 110 union employees as of April 1. The announcement was made in a town hall meeting today with employees and union executives. A restart date has not yet been determined.

With the recent decline in commodity prices, corresponding capital budget cuts in the oil and gas sector, a rise in foreign imports, unfair competition, and a global downturn due to the coronavirus pandemic, the forecasted demand for the welded steel pipe products produced at Prudential have reached a level where operations must be curtailed to match market conditions.

“This decision has been extremely difficult, but it has been made in the effort to keep our Canadian operations sustainable in the current and foreseeable future market conditions,” said Ricardo Prosperi, President – Canada, Tenaris. “Despite the current challenges, we remain optimistic about the future of domestic manufacturing in Canada. We are committed to working with our customers to meet their needs with our current level of inventory, and resume operations as market demand requires.”

This announcement does not impact the company’s seamless steel pipe manufacturing facility, AlgomaTubes, in Sault Ste. Marie, ON., and a premium threading and accessories facility in Nisku, AB. The decision for Prudential will also not affect operations in its distribution centres in Grande Prairie and Sherwood Park, AB., and Bienfait, SK.

Tenaris continues to work with industry and governments to defend against steel import surges, and fight for steel access to the U.S. market and get Canada’s energy to market.

For more information, follow us on Facebook, Twitter, LinkedIn, and Instagram.

;

About Us

Circular economy concepts are at the base of our production system. Through scrap recycling and self-production of most of the steel used in our tubular products, we minimize the environmental footprint of our operations. In our steelmaking sites we have achieved high recycling values due to the use of electric arc furnaces, which allow recycling steel scrap without altering steel properties.

NEED HELP?

Contact us

Explore
MORE INFORMATION?

Datasheets

Explore