30
Sep
11:39
ArcelorMittal Italia repeats layoffs on falling orders
ArcelorMittal Italia is reducing the number of worker layoffs from 1,394 to 1,273. This follows another phase of temporary layoffs that took place over the summer.
The current layoffs started on 30 September and will last for 13 weeks, a member of the unions told Kallanish after a meeting with management at Taranto.
This is due to a persisting strong market slowdown that started in the first quarter this year. “The investment cuts from end-user sectors …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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