German-owned, Shreveport, Loisiana-based Benteler Steel/Tube, a producer of seamless and welded steel tubes, has announced that the company will be conducting a reduction in force that will affect 375 employyes at its Port of Caddo-Bossier manufacturing facility where the company produces pipe for the oil and gas industry. The layoffs are scheduled to commence on July 1, 2020.
The decision was primarily driven by the downturn in the oil and gas industry which drastically curtailed the drilling, transporation, and production of oil, gas, and petrochemicals.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?