Workers notified of layoffs at Brookfield plant - News weather sports for Youngstown-Warren Ohio

Workers notified of layoffs at Brookfield plant

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Employees at the TMK-IPSCO plant in Brookfield have been notified about potential layoffs at the plant due to a downturn in the oil and gas market.

TMK-IPSCO, a pipe threading company that supplies products to the oil and gas industry, has issued Worker Adjustment and Retraining Notification advising all 106 employees that layoffs are possible in sixty days.

TMK-IPSCO spokesperson Roger Bentley points out that that there are no plans to close the plant, but the layoff notification is required under federal law.

Bentley says that the company hopes to rescind the layoff notices if demand in the industry increases sufficiently.

The latest TMK-IPSCO quarterly financial report says that in 2015, the active oil and gas rig count in the United States dropped 14% as many production projects were suspended due to a decline in global oil prices.

The company predicts that the demand for oil and gas pipe in the United States will remain weak due to low drilling volumes, large inventories and continued low-priced imports. 

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