National Steel Car’s VP of Human Resources says the 300 layoffs announced this — on top of the 150 in June — may just be the tip of the iceberg.
Hal Bruckner says the whole plant could be temporarily shut down unless new orders are found soon.
He says the current orders will be filled by December and if there is nothing new coming in, the whole plant could be shut down by the end of the year.
It’s been a tough couple of years for the rail car industry.
The drop in oil prices has stalled demand for tanker cars.
Even the change over to safer cars for the transport of flammable materials, in the wake of the Lac Megantic disaster, hasn’t been enough to sustain operations.
National Steel Car is hoping for a demand in grain haulers with an expected bumper crop this fall, but the orders haven’t come in.