Page 2 - Utilization Rates News Today

After the press conference my colleague helen humphrey had a chance to speak directly with chief executive. is what he had to say we have a structure overcapacity first seen in europe and as a consequence of all of that the utilization rates for all the steel companies are not high enough to really chinoy the attractive returns going forward and for our employees they were forced into restructuring programs each and every three to four years so we finally want to address that issue so we had fou...

In about four thousand job cuts and savings of hundreds of millions of euros each year the marriage firm will employ some forty eight thousand workers in countries including germany the netherlands and the u.k. and its expected to generate an annual revenue of around fifteen billion euro as. you just saw ahead of a hes ing at the c.e.o. or to sit in that report and we can speak to him now he joins us from brussels welcome to the program let me first ask you why this move now. i think its about n...