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

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)

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

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