BOSTON (SHNS) – A green steel company that Gov. Maura Healey lauded amid the state’s competitive push into the climate tech sector plans to lay off dozens of workers.
The Woburn-headquartered company that produces steel without carbon emissions and extracts metals from mining waste will terminate 71 employees on March 14, according to a recent notice filed with the state.
Boston Metal’s manufacturing facility in Brazil had an “unforeseen critical equipment failure” on Jan. 30 that prevented the company “from meeting a key operational milestone tied to a pending financing transaction,” a spokesperson said…