ArcelorMittal South Africa plans job cuts following pandemic hit
The company, which is Africa’s biggest steel producer said it expects crude steel production to take some time to return to historical or planned levels for 2020
FILE PHOTO: A logo is seen on the roof of the ArcelorMittal steelworks headquarters in Ostrava, Czech Republic, April 1, 2016. REUTERS/David W Cerny
Steel producer ArcelorMittal South Africa Ltd said on Thursday it plans to cut an unspecified number of jobs as part of a restructuring to cut costs and deal with excess capacity due to the coronavirus pandemic.
The company, which is Africa's biggest steel producer and majority-owned by ArcelorMittal SA, said it expects crude steel production to take some time to return to historical or planned levels for 2020.
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