Steel industry on its knees

Major retrenchments at ArcelorMittal may be the first of many in steel industry – Solidarity Solidarity said today that it regrets the retrenchment crisis ArcelorMittal South Africa (AMSA) is currently finding itself in. The union also warned that, if key players in the steel industry do not intervene urgently, these retrenchments may be the first of many to follow. This follows Solidarity receiving a 189A retrenchment notice. Marius Croucamp, Deputy General Secretary of Solidarity attribute this to, among other things, Eskom raising electricity tariffs and the National Energy Regulator of…

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