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Evraz temporarily ceases production of steel
![Evraz temporarily ceases production of steel](https://biz-file.com/c/1507/296179.jpg)
The group, which is in business rescue, said it was experiencing working capital constraints and reduced domestic demand in steel mainly due to a significant increase in Chinese imports.
In terms of section 189 of the Labour Relations Act, a 60-day consultation process with employees was required regarding a possible reduction of approximately 50% in the workforce, Evraz said.
Source: BDpro
Source: I-Net Bridge
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For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
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