ArcelorMittal’s job losses more than expected
The world's largest steelmaker, ArcelorMittal’s South African business announced that it will undergo a strategic review of its major operating sites, which could involve jobs losses. Joining CNBC Africa to discuss South Africa’s job crisis is Solidarity’s General Secretary, Gideon du Plessis.
Fri, 27 Sep 2019 11:55:33 GMT
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AI Generated Summary
- ArcelorMittal South Africa undertakes a strategic review leading to over 3000 potential job losses.
- The crisis is driven by external factors and poses significant challenges for affected employees and related industries.
- The repercussions of the layoffs extend beyond the immediate workforce, amplifying the impact on communities and subcontractors.
ArcelorMittal, one of the world's largest steelmakers, has announced that its South African business will undergo a strategic review of its major operating sites, leading to significant job losses. Originally estimated at 2000 jobs, the impact could be much larger according to Gideon du Plessis, General Secretary of Solidarity. In a recent interview with CNBC Africa, du Plessis revealed that the current figure of 941 permanent positions and over a thousand contractors being affected is just the beginning. He expressed concerns about the fate of just over a thousand employees at the Saldanha site, as well as potential downsizing at other locations such as Newcastle, Fundar Bail, and Figner-Bail. The looming crisis is attributed to external factors beyond the control of the company, rather than internal operational issues. As du Plessis elaborated on the situation, he painted a grim picture of the job losses, suggesting that the total number could exceed 3000. The ripple effects of these layoffs extend far beyond the directly impacted employees, affecting the livelihoods of countless others in related industries and communities. The news of ArcelorMittal's struggles serves as a stark reminder of the broader challenges facing South Africa's job market, adding to the prevailing crisis.
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