Industry News

ArcelorMittal in Spanish furlough talks as steel demand falters

Views : 84
Update time : 2022-09-16 20:30:01

MADRID, Sept 16 (Reuters) - ArcelorMittal (MT.LU) has started negotiations with unions this week on a broad furlough scheme for the 8,300 workers at its Spanish mills in the face of weakening demand and soaring energy prices, a company spokesperson said on Friday.

The world's largest steelmaker expects to reach an agreement within a couple of weeks to allow it to idle any of its plants in Spain for any period of time until the end of 2023, the spokesperson added.

Related News
Read More >>
FORNNAX reaches new heights with groundbreaking ceremony for one of the largest manufacturing facility FORNNAX reaches new heights with groundbreaking ceremony for one of the largest manufacturing facility
Mar .07.2025
FORNNAX reaches new heights with groundbreaking ceremony for one of the largest manufacturing facility
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
Mar .07.2025
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
Efficient power transmission with Diamond Power Infrastructure’s AL 59 wire rods Efficient power transmission with Diamond Power Infrastructure’s AL 59 wire rods
Mar .07.2025
Efficient power transmission with Diamond Power Infrastructure’s AL 59 wire rods
Here’s what GIADEC’s new CEO thinks about Ghana’s integrated aluminium industry and the impact of the bauxite export ban Here’s what GIADEC’s new CEO thinks about Ghana’s integrated aluminium industry and the impact of the bauxite export ban
Mar .07.2025
Here’s what GIADEC’s new CEO thinks about Ghana’s integrated aluminium industry and the impact of the bauxite export ban