Monday 26 August 2019 ,
Monday 26 August 2019 ,
Latest News
  • Concentrate on your obligations, commitments: Bangladesh to Myanmar
  • Protect migrant workers from middlemen: PM
  • Zia had betrayed Bangabandhu: Quader
  • 2 years of Rohingya influx: 43 murders in camps, 32 killed in gunfights
  • HC orders to remove word ‘Kumari’ from marriage certificate
  • Prepaid metres system ‘unfair’: PMCRC
21 July, 2019 00:00 00 AM
Print

US Steel to lay off 2,500 workers in Slovakia

AFP, Bratislava

The United States Steel Corporation said Friday it would cut around a fifth of its workforce in Slovakia over by the next two years due to competition from cheap steel imports from outside the European Union.

The company also faulted EU environmental regulations that have driven up the cost of power used to run the massive plant.

The layoff will affect some 2,500 of the nearly 12,000 workers at the Kosice plant located in Slovakia’s poorer east struggling with high unemployment.

The steel mill ranks among the largest employers in the eurozone country of 5.4 million people focused primarily on car production.

By the “end of 2021 we will reduce the number of employees working at U.S. Steel Kosice and its subsidiaries by 2,500 employees,” company president James Bruno said in a statement.

“We must act to protect our business and remain competitive,” he added.

 

Comments

Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
010203
04050607080910
11121314151617
18192021222324
25262728293031

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting