South African steelmaker ‘expects to sack thousands’

Date:

The South African arm of steelmaker ArcelorMittal expects to cut more than 2,000 jobs, reports Reuters news agency.

ArcelorMittal is the world's largest steel producer (Getty Images)
ArcelorMittal is the world’s largest steel producer (Getty Images)

ArcelorMittal South Africa has been complaining about cheap imports affecting their sales for some time.

High costs for power, rail and port use, as well as raw materials have also worsened their situation, the company is quoted as saying.

ArcelorMittal South Africa employed around 8,850 people in 2018, according to its annual report for that year, adds Reuters. BBC News

Subscribe

Popular

More like this
Related

Veteran South African actor Sello Maake kaNcube defends ‘bogus’ doctorate

Veteran actor Sello Maake KaNcube has come out in defense of a honorary doctorate that was bestowed on him by Trinity International Bible University, an institution that South Africa's Minister of Higher Education Blade Nzimande has said is not registered and is thus not fit to give out such recognition.

Kelly Khumalo wanted to see a sangoma after Senzo Meyiwa shooting

Kelly Khumalo, the girlfriend of slain South African football star Senzo Meyiwa, reportedly wanted to see a sangoma following his death from a fatal shooting.

Domestic worker sues Pitso Mosimane and his wife for R5,7m over injuries

South African football coach Pitso Mosimane and his wife are being sued for R5,7million by their former domestic worker after she claims to have sustained injuries that left her borderline disabled and unable to bear children while working for them.

South Africa election: ANC loses battle for Zuma’s MK party name and logo

South Africa's African National Congress (ANC) has lost a legal bid to stop a new party from using the name and logo of its former armed wing. The governing ANC had argued that uMkhonto we Sizwe (MK), headed by ex-President Jacob Zuma, had breached trademark law.