Usiminas to layoff 810 employees because of a slump in demand.
Brazilian steel group Usiminas will cut 810 employees, or 6% of its workforce, by the end of May as it shut three of its five blast furnaces because of a slump in demand. Usiminas, which operated at 50% capacity during the first quarter, announced a voluntary layoff plan early in May, but only 516 workers took the company’s offer.
Total losses = 810
Show on mapDid you enjoy this post? Why not leave a comment below and continue the conversation, or subscribe to my feed and get articles like this delivered automatically each day to your feed reader. Alternatively you can follow us on Twitter.
