ArcelorMittal to proceed with longs business closure
‘We were unable to avoid what will be a significant negative impact on the economy,’ said the group
28 February 2025 - 15:43
ArcelorMittal SA (Amsa) announced on Friday that it would proceed with the winding down of its long-steel business after its efforts to delay the process further fell on deaf ears, with thousands of employees set to lose their jobs in the coming months.
The wind-down, which will result in roughly 3,500 direct and indirect job losses while affecting an estimated 80,000 other jobs and small businesses, had been delayed for the past month as Amsa engaged the government and stakeholders on ways to avoid it, while fulfilling the business’s outstanding order book. ..
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