04 Aug 2015

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ArcelorMittal suspends job cuts plan - Solidarity

Johannesburg - ArcelorMittal [JSE:ACL] temporarily withdrew a notice on job cuts at its Vereeniging steel mill, trade union Solidarity said on Tuesday.

READ: ArcelorMittal ‘going to fight’ Chinese steel imports

The steelmaker, which had said it could shed as many as 600 jobs, said it first wants to consult with trade unions before starting with the formal retrenchment process, Solidarity said in a statement.

READ: South Africa’s steel industry is on the ropes

The company did not immediately confirm the plan to delay the job cuts.

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