DStv Channel 403 Wednesday, 12 February 2025

ArcelorMittal forges ahead with job cuts

Arcelormittal forges ahead with job cuts

JOHANNESBURG - ArcelorMittal is pushing forward with shutting down its long-steel plants.

This is despite government discussions about a R1 billion rescue package. The company blames the shutdown on losses and financial unsustainability.

READ: The job emergency | Talks between AMSA and government continue

The shuttering of the Newcastle and Vereeniging plants, as well as at Amras, will affect 3500 jobs.

President of the Steel Industries Federation, Elias Monage says many more will be affected.

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