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ArcelorMittal may axe 2000 jobs in South Africa

BUSINESS tycoon Lakshmi Niwas Mittal led ArcelorMittal said that it may axe nearly 25 per cent of its workforce in South Africa. The steel giant’s latest move has come as part of its restructuring plan to reduce cost as it fears that it could fall into red territory this …Read more





ArcelorMittal South Africa to cut more than 2000 jobs shares drop

JOHANNESBURG Reuters – The South African arm of steelmaker ArcelorMittal expects to plunge to a first-half loss and cut more than 2000 jobs as it time equivalents may be affected it
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ArcelorMittal to cut 2000 jobs in South Africa

A large-scale restructuring is contemplated and it is anticipated that in excess of 2000 positions may be affected ArcelorMittal of 8800 in South Africa The proposed job cuts are
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ArcelorMittal South Africa Flags 2000 Job Losses

Business Live reported that ArcelorMittal South Africa after expected headline loss of ZAR 596 million in the six months from headline earnings of ZAR 54 million a year before said that
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Solidarity calls for intervention in ArcelorMittal SA looming retrenchments

JOHANNESBURG Trade union Solidarity on Thursday said that it regrets the retrenchment crisis at ArcelorMittal South Africa AMSA warning that if key players in the steel industry do not intervene urgently these retrenchments may be the first of many
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African Markets – Factors to watch on July 11

SOUTH AFRICA ARCELORMITTAL The South African arm of steelmaker ArcelorMittal ACLJJ expects to plunge to a first-half loss and cut more than 2000 jobs as it struggles with cheap imports
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ArcelorMittal to cut more than 2000 jobs shares drop

Johannesburg The South African arm of steelmaker ArcelorMittal expects to plunge to a first-half loss and cut more than 2000 jobs as it struggles with cheap of 2000 positions full time equivalents may be affected it continued adding the
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