Worthington's Specialty Processing business announces consolidation of operations

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Worthington Specialty Processing (“WSP”), a joint venture between Worthington Industries (WOR +4.8%) and United States Steel (X +1.8%) plans to consolidate its operations.

Under the consolidation, WSP will close its Canton Michigan, facility, while its other two facilities in Michigan will continue to operate.

The closure of the Canton operation is expected by May 29, 2020.

WSP Canton has 91 employees, and ~66 positions will be impacted by the closure.

Source: dailystockbuzz

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