Jobs on the line at ArcelorMittal SA due to Covid-19
The company says cost-saving measures it initially took will not be enough as it battles the unprecedented effect of the virus
ArcelorMittal SA said on Thursday that jobs at the steelmaker were on the line as the company struggles due to the effect of Covid-19 on the economy.
“A large-scale restructuring is contemplated, and the number of jobs impacted will depend on the alternatives identified and agreed to mitigate the impact. The final outcome and number of positions affected is subject to a formal consultation process,” the company said. ..