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Cleveland-Cliffs to Temporarily Reduce Iron Range Workforce
03/21/2025 - Cleveland-Cliffs Inc. is laying off more than 600 workers at iron ore operations in Minnesota, according to reports. According to the Minneapolis (Minn.) Star Tribune, the action affects workers at the steelmakers at Hibbing Taconite Co. and at its Minorca mine.
“These temporary idles are necessary to rebalance working capital needs and consume excess pellet inventory produced in 2024,” the company said in a statement, according to the newspaper. “We remain committed to supporting our employees and communities while monitoring market conditions.”
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