ArcelorMittal longs business closure to impact on jobs, industrial capacity
ArcelorMittal longs business closure to impact on jobs, industrial capacity
Creamer Media editor Terence Creamer discusses ArcelorMittal South Africa's announcement that it may cut about 3 500 jobs as it plans to wind down its long-products business; the reasons for it taking this step; the impact of the closure on the town of Newcastle, as well as South Africa's industrial capacity and beneficiation ambitions; and whether there is anything government can do to prevent the closure of the business and the job losses.
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