Archive for November 27th, 2008
ArcelorMittal looks to cut jobs
ArcelorMittal, the world’s largest steelmaker, is to offer voluntary redundancy to up to 9,000 employees, around 3% of its total workforce.
The ‘voluntary separation programme’ is part of the company’s aim to cut costs by $1bn (£648m;775bn euros) in response to falling global demand for steel.
The focus will be primarily on sales and administrative employees, [...]
Posted: November 27th, 2008 under Steel, Steel News.
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Production cuts by major global steel firms, a summary from Reuters
Looking back through the various reports we have made on steel manufacturing cut backs, it’s easy to lose track.
Reuters have published a time-line of the announcements that you can find here
Technorati Tags: Steel companies,steel cutbacks,steel production,reuters
Posted: November 27th, 2008 under Steel International, Steel News.
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