09
Oct
10:15
ArcelorMittal to cut Ilva workforce, unions demonstrate
AM Investco, the new ArcelorMittal-controlled entity soon to take over Italy’s Ilva group, has announced to the Italian authorities that it will employ at the Ilva mills a maximum of 10,000 workers. This will cut the overall headcount at the company by some 4,000. This announcement has led to big demonstrations by local trade unions taking place this week, Kallanish learns from sources.
In addition to the issues surrounding the massive reduction …
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Very good overview of the weekly steel market.
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