Super Steel Schenectady closing, up to 200 jobs lost
The Business Review (Albany) - by Adam Sichko
Super Steel Schenectady Inc. will close early next year, eliminating up to 200 jobs.
The company is a division of Super Steel Products Corp., headquartered in Milwaukee. The manufacturing company opened its 180,000-square-foot facility in Glenville in the mid-1990s, initially building $70 million worth of trains for General Motors Corp.
“In the past few months, we have seen dramatic and unprecedented reductions and cancellations of orders,” the company said in a statement, referencing a “dramatic downturn” in the national and global economies.
“Without substantial new orders, we cannot sustain the employees at the plant,” the Dec. 1 statement said.
The company plans to start laying off workers on Jan. 31, 2009, with the closing process to be finished in early April.
A spokeswoman at the company’s Milwaukee headquarters said company president James Schmelzer visited the Schenectady plant on Monday to announce the plant closing.
She declined further comment, saying that Schmelzer would make more announcements about the plant closing on Tuesday.
Super Steel nearly closed the Glenville plant in 2004, after it lost money in a failed deal to recondition 1970s high-speed trains that would have run on Amtrak’s New York state routes. Company chairman Fred Luber invested personal funds in the plant to keep it alive.
The company now says it might sell or lease its building, on 32 acres, after it closes up. The company initially spent $10 million to build the Glenville plant, located in the Scotia-Glenville Industrial Park.
Officials at the company could not be reached for comment on Monday.
asichko@bizjournals.com
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