According to the press statement, Lakeside Steel is closing the plant effective as of February 2nd until February 9th, and will temporarily lay off 84 workers for an indefinite amount of time. The company says it is taking these measures in order to reduce costs amidst the declining steel market. The company had previously reported 61 temporary layoffs of hourly employees in mid-January and 40 temporary layoffs of hourly employees back in December 2008.
Additionally, another 25 hourly employees have elected to retire.