STEEL STRESS

11th September 2015 By: Darlene Creamer

STEEL STRESS

The South African steel industry is under major stress, with mills having already been shut and further plant closures on the cards. While government, industry and labour are at last singing from the same ‘survival’ hymn sheet, conditions are such that job losses are inevitable. The extent of the losses, though, will depend materially on the behaviour of all social partners in the coming few weeks and months.