ArcelorMittal

2023 - 11 - 29

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Image courtesy of "Reuters"

ArcelorMittal South Africa shares tumble on plan to close long steel ... (Reuters)

ArcelorMittal South Africa shares tumbled nearly 14% on Tuesday after the company said it plans to close its long steel operations due to weak demand and ...

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Image courtesy of "News24"

ArcelorMittal shuts plants after govt infrastructure spending never ... (News24)

ArcelorMittal SA has abandoned its long steel business after almost a decade of carrying it in the vain hope that South Africa would fuel demand through ...

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Image courtesy of "Creamer Media's Engineering News"

3 500 jobs at risk as ArcelorMittal mulls closure of longs units at ... (Creamer Media's Engineering News)

Steel producer ArcelorMittal South Africa has indicated that it may close its long-products business, which could result in the loss of 3 500 direct and ...

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Image courtesy of "BNN"

ArcelorMittal to Cut 3500 Jobs in South Africa as Growth Slows ... (BNN)

South Africa's failing power and transport systems as well as a skills deficit are thwarting efforts to revive the economy, with electricity outages and ...

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Image courtesy of "Mining Review"

ArcelorMittal could cull 3 500 jobs (Mining Review)

ArcelorMittal South Africa has had no option but to embark on a process that contemplates the wind down of the company's Longs Business.

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Image courtesy of "Moneyweb.co.za"

ArcelorMittal to cut 3 500 jobs in SA as growth slows (Moneyweb.co.za)

ArcelorMittal South Africa will shut its long steel products business and cut as many as 3 500 jobs, citing a moribund economy.

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Image courtesy of "CapeTalk"

1000s of jobs on the line as ArcelorMittal forced to wind down some ... (CapeTalk)

Steel producer ArcelorMittal SA says cost-saving initiatives have not been enough to counteract the cumulative effect of factors like a slowing economy and ...

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Image courtesy of "Independent Online"

ArcelorMittal SA axes 3500 jobs, blames erratic infrastructure and ... (Independent Online)

Kobus Verster, ArcelorMittal South Africa CEO said the board and management had reached this point after having exhausted all possible options.

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Image courtesy of "eNCA"

ArcelorMittal blames job cuts on Eskom, Transnet (eNCA)

It will be closing down some of its long steel mills in the country. It blames this on power cuts, high Transnet costs and the decline in local infrastructure ...

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Image courtesy of "Creamer Media's Engineering News"

ArcelorMittal SA CEO sees no way of avoiding longs closure, says ... (Creamer Media's Engineering News)

ArcelorMittal South Africa CEO Kobus Verster believes there is no immediate prospect of addressing the structural issues undermining the financial viability ...

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Image courtesy of "IndustriALL Global Union"

Unions at ArcelorMittal demand that company puts workers first (IndustriALL Global Union)

Health and safety, undermining collective agreements, lack of investment, weakening social dialogue, precarious and dangerous working conditions were key ...

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Image courtesy of "Daily Maverick"

ArcelorMittal sees no way to avoid the closure of its steel operations ... (Daily Maverick)

The closure of ArcelorMittal South Africa operations in Newcastle and Vereeniging, starting from January 2024, is set to put 3500 jobs on the line.

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