Today's Labour News

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arcelormittalBL Premium reports that ArcelorMittal SA (Amsa) is seriously considering reversing its decision to close its long steel operations, potentially giving a lifeline to thousands of workers whose jobs are on the line.

The steel producer sent shock waves through the economies of Newcastle in KwaZulu-Natal and Vanderbijlpark in Gauteng last year when it announced plans to mothball its long steel units. Long steel products include rebar, wire rods, merchant bars, rails and sections. The group reported on Monday that it had had positive discussions with the government, Transnet, the Industrial Development Corporation, labour and other affected parties on its plans to close the units, a decision that put 3,500 jobs on the line. “These stakeholders have expressed widespread concern regarding the negative economic effect of the closure. The company was requested to consider what support was needed to change the closure decision,” Amsa noted. It went on to indicate: “Reversing the closure decision holds substantial risks and requires the commitment of, at a minimum, the company, its customers and suppliers, the government, state-owned enterprises, and our employees. Amsa expects to be in a position to make a further announcement regarding the company’s Longs Business in the near future.”

  • Read the full original of the report in the above regard by Michelle Gumede at BusinessLive (subscriber access only)

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