ArcelorMittal South Africa to begin Large Scale Restructuring

• Monday, June 22, 2020
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[Ferro-Alloys.com] South African media reported that ArcelorMittal South Africa said that it will embark on a large-scale restructuring which will affect an unknown number of jobs. ArcelorMittal South Africa said "Cost-saving initiatives previously implemented will not be sufficient. A large-scale restructuring is contemplated, and the number of jobs impacted will depend on the alternatives identified and agreed to mitigate the impact."

 

It anticipates that it will take some time for crude steel production levels to return to historical levels or planned levels of 2020.

 

Source: steel guru

 

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