ArcelorMittal SA sounds warning to labour as it mulls closure of steel operations

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 84%

Arcelormittal Blackouts Eskom Kobus-Verster Nation News

South Africa Latest News,South Africa Headlines

ArcelorMittal has argued that curbing above-inflation pay rises in the steel industry is required to keep operations financially sustainable.

Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.This cookie is set by Addthis to make sure you see the updated count if you share a page and return to it before our share count cache is updated.This cookie is set by Addthis to make sure you see the updated count if you share a page and return to it before our share count cache is updated.

The cookies store information anonymously and assign a randomly generated number to identify unique visitors.This is a pattern type cookie set by Google Analytics, where the pattern element on the name contains the unique identity number of the account or website it relates to. It appears to be a variation of the _gat cookie which is used to limit the amount of data recorded by Google on high traffic volume websites.This cookie is installed by Google Analytics.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Liberia: Pres. Boakai Assures Arcelormittal Executive Chairman Lakshmi Mittal of Commitment to Sign Amended MdaPresident Joseph Nyuma Boakai has expressed his administration's commitment to signing the amended ArcelorMittal Mineral Development Agreement that has stalled in the corridors of the Executive Mansion and the Legislature for over three years.
Source: allafrica - 🏆 1. / 99 Read more »

New Leadership of ArcelorMittal Liberia Worker's Union Inducted into OfficeThe new leadership-elect of the ArcelorMittal Liberia Worker's Union has been inducted into office with cautions to remain courteous, constructive, and tolerant in its engagement with the management. Representatives of AML, the United Worker's Union of Liberia, and the Ministry of Labour advised the union's leadership to make use of the law and consider striking as the last action after every effort is exerted and exhausted.
Source: allafrica - 🏆 1. / 99 Read more »

South Africa: While the People Are Desperate for Jobs, the Country Is Rapidly DeindustrialisingAnalysis - ArcelorMittal South Africa is acutely aware of the severe consequences of winding down the Long Steel business on the economy and in particular, on employment in SA.
Source: allafrica - 🏆 1. / 99 Read more »

Robert Friedland’s $5bn rail plan to break Mount Nimba deadlockFacing the blockage caused by ArcelorMittal’s exclusive rail deal with Liberia, tycoon Robert Friedland decided to take his iron ore mine project in Guinea into his own hands – and build his own railway. From Conakry to Monrovia via Washington, he has been mobilising his network to put pressure on the Guinean and Liberian authorities.
Source: TheAfricaReport - 🏆 29. / 55 Read more »

How A Massive Steel Ball Protected Taiwan’s Tallest Skyscraper During The Recent Earthquake [Video]South African and global news updates with a twist. 2oceansvibe is South Africa’s biggest solely owned online news platform with local and world news updates.
Source: 2oceansvibe - 🏆 43. / 51 Read more »

Biden pushes to triple tariffs on Chinese steel, aluminumUS President Joe Biden is urging a tripling of tariffs on Chinese steel and aluminum as he visits Pittsburgh Wednesday, citing 'unfair competition' while seeking to win blue-collar votes in November's election. Both Biden and his election rival Donald Trump are competing for vital blue-collar voters, promising to revive American manufacturing.
Source: brieflyza - 🏆 10. / 68 Read more »