ArcelorMittal SA job cuts may hit 3,500 workers as Transnet woes bite
SA’s biggest steel producer, ArcelorMittal SA says 3500 jobs may be affected as it embarks on a section 189a process to wind down Newcastle Works and the broader Long Steel Products Business. “High transport and logistics costs as well as energy prices, exacerbated by the well-publicised logistics failures and their resultant cost impact, and the prevailing electricity challenges the country faces [have negatively affected the company],” Amsa said.