06
Aug
01:00
South Africa's Scaw mulls restructuring, layoffs
Scaw Metals Group is mulling a restructuring and/or huge employee reduction due to the unfavourable conditions in the local and international steel industries, a spokesperson for the South African steelmaker tells Kallanish.
The firm has issued a notice in terms of Section 189 (A) of the Labour Relations Act (LRA). “This unfortunate decision has been necessitated by the current conditions in the steel industry both locally and globally,” Scaw say…
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Anonymous
Very good overview of the weekly steel market.
Anonymous