South African steelmaker ‘expects to sack thousands’

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