21
Jan
00:00
Metinvest denies mass lay-offs in Mariupol as 'rumours to discredit group'
Ukraine’s steel and mining group, Metinvest denies there will be any mass layoffs at any of its subsidiaries. “The holding will suspend operations at two production shops at Ilyich Iron and Steel Works of Mariupol and one production shop at Azovstal because of a lack of working capital,” the company has announced [see associated article].
“That said, the enterprises will not cut jobs: the workers will either be redistributed to other …
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Anonymous
Very good overview of the weekly steel market.
Anonymous