Facility Layoffs News Today

Argentinas new Treasury Minister acts fast to stabilize the beleaguered peso selling dollar reserves in a much welcomed move but can he solve the countrys underlying problems including its massive pile of debt. Also coming up its legal bills are mounting now german heavyweight buyer is selling its Animal Health unit to free up cash. And fasten your seat belts singapore is getting ready to launch a trial itself driving buses. This is your Business Report im stephen bears in berlin thanks for join...

Than 50 percent already recorded in 2019 it looks like there are more difficult times ahead for argentina. over in north america now where u.s. steel says its laying off up to $200.00 workers for at least 6 months at its plant in the state of michigan back in june the company warned that softening demand and lower steel prices would lead to the closing of 2 blast furnaces at the great lakes facility layoffs call into question claims by u.s. president trump that hes reviving the domestic steel in...

Facility layoffs call into question claims by u.s. president trump that hes reviving the domestic steel industry. and lets go to our financial correspondent in new york yes korda so yes some dark clouds over the steel industry whats really behind this. now well i mean when the current administration started to impose tariffs on steel and in march of $28000.00 we saw a little bit of a production increase here in the united states but at the same time we saw prices for steel starting to decline an...