23
Sep
05:31
Wisco starts merger ball rolling with staff cutback
Wisco, the listed arm of Wuhan Iron and Steel (Wugang) which is to merge with Baosteel, is to dismiss 5,700 staff in October, according to Chinese local media. More workforce resettlement will be seen during the transition period of the restructuring, Kallanish notes.
This is the first workforce adjustment following the official merger announcement. Following the restructuring process Baosteel will be rename as Baowu Iron and Steel Group or Baowu Group. Wisco wi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous