12
Aug
01:00
Brazilian automakers announce more vacations and layoffs on weak demand
Following the 21% on-year fall in domestic sales in January-June, Brazilian automakers have announced a new wave of collective vacations and layoffs, Kallanish learns from the Brazilian steel institute Instituto Aço Brazil (IAB).
According to the institute, after a meeting with local union representatives, Italian industrial vehicle manufacturer Iveco announced 120 layoffs at its Sete Lagoas-based operation. The news follows a series of meas…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous