ArcelorMittal to Cut 3,500 Jobs in South Africa as Growth Slows bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
The unit will be placed in care and maintenance, the company said in a filing on Tuesday. The Newcastle Works, the Vereeniging Works, and rolling facilities, which use Newcastle material as feedstock will be the affected plants, according to the statement.
A retrenchment process potentially affecting 3,500 people has started at ArcelorMittal South Africa, which says its operations have been affected by the weak economy, load-shedding and logistics costs.
ArcelorMittal plans to eliminate 3,500 positions in South Africa techstory.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techstory.in Daily Mail and Mail on Sunday newspapers.