21
Jul
11:45
Tubacex Group cuts 20% of workforce
Spanish stainless seamless tube maker Tubacex says it is implementing a series of urgent industrial reorganisation and cost-cutting measures to improve competitiveness. These include a -20% reduction in the workforce.
“Over the last few years Tubacex has continued its operations in a highly competitive environment marked by uncertainty,” Tubacex says in a note seen by Kallanish. “The negative evolution of the market, with a drop of 50% during the…
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Anonymous
Very good overview of the weekly steel market.
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