U.S. Steel Košice steel mill denied reports it is planning layoffs

04.03.2019

The U.S. Steel Košice steel mill denied reports it is planning layoffs. After last year’s record-breaking results (steel output came to 5m tons and EBITDA profit to $359m), the mill was forced to cut output in the first quarter, due to rising input prices and the unfavorable $:€ exchange rate. U.S. Steel plans to impose 5% cost cuts annually over the coming three years; the Košice mill is to axe 650 jobs annually (its workforce has been stable at 12,000 recently). The mill says it is far too early to discuss specific measures.

 

(sme.sk)

Please reload

Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

No plans to close schools, stores and restaurants

24.09.2020

The number of positive Covid-19 tests rose to a new daily high of 338. The number of active cases stands at 3,340 and the number of deaths 41. The gov...

NBS is not working on new regulation for corporate bills and bonds

24.09.2020

The central bank NBS is not working on new regulation for corporate bills and bonds sold to retail clientele. It deems the current regulation sufficie...

NBS nepripravuje novú reguláciu korporátnych zmeniek a dlhopisov

24.09.2020

Centrálna banka NBS nepripravuje novú reguláciu vydávania korporátnych zmeniek a dlhopisov pre retailovú klientelu. Súčasná regulácia je podľa nej dos...

1/5
Please reload

Copyright  © 1994 - 2019    Symsite Research         All rights reserved.