ArcelorMittal Mexico unit to slash 2,800 jobs
Reuters
Published Jul 01, 2015 08:47PM ET
ArcelorMittal Mexico unit to slash 2,800 jobs
MONTERREY (Reuters) - ArcelorMittal, the world's largest producer of steel, will cut 2,800 jobs at its Mexico unit as global prices slump, it said in a joint statement with local competitors on Wednesday, while accusing Russia, China and Turkey of dumping steel on markets at levels below production costs.
Altos Hornos de Mexico (AHMSA)
AHMSA said in June it would cut its workforce by 20 percent, around 4,500 jobs, and suspend investments. DeAcero said it had fired 2,500 workers and suspended operations at one plant.
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Written By: Reuters
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