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Solidarity2Fin24 reports that trade union Solidarity on Wednesday expressed concern after Wim de Klerk, CEO of steel producer ArcelorMittal SA (AMSA), announced his retirement at the end of January 2018.  

The trade union’s concern about De Klerk’s announcement stems from the section 189A retrenchment notice issued by AMSA on 16 August.  Marius Croucamp, Solidarity’s deputy general secretary in the metal and engineering industry, said in the context of the pressure currently experienced in the steel industry, this announcement increased the stress of members who might be affected by the retrenchments.  “It will intensify the major uncertainty that the employees are already experiencing,” explained Croucamp.  Solidarity is actively involved in talks with the company to discuss alternatives to retrenchments and minimise the possible retrenchments at AMSA.


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