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MTS - ArcelorMittal SA News Story

€25.21 0.8  3.1%

Last Trade - 16/04/21

Sector
Basic Materials
Size
Large Cap
Market Cap £23.62bn
Enterprise Value £29.90bn
Revenue £38.52bn
Position in Universe 12th / 729

ArcelorMittal South Africa plans job cuts following pandemic hit

Thu 18th June, 2020 2:36pm
June 18 (Reuters) - Steel producer ArcelorMittal South
Africa Ltd  ACLJ.J  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  MT.AS , said it expects
crude steel production to take some time to return to historical
or planned levels for 2020.  urn:newsml:reuters.com:*:nJseR0045a

 (Reporting by Yadarisa Shabong in Bengaluru; Editing by Shounak
Dasgupta)
 ((Yadarisa.Shabong@thomsonreuters.com; +919742735150; Reuters
Messaging: Twitter: https://twitter.com/Yadarisa))
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