Tough choices for ArcelorMittal SA
The job losses at the steel maker will be devastating — and Eskom and Transnet share a lot of the blame
In a country that is already battling high unemployment rates, it is hard to imagine the social impact of the looming job losses at ArcelorMittal SA.
However, given the rising input costs — electricity, rail and ports — and global steel oversupply, it would seem that job losses are inevitable. But that does not take away the fact that they will be devastating.