ArcelorMittal Acindar steel company reaffirmed its commitment to the country and the realization of investments by USD 40 million next year, while denying that plans to carry out adjustments for the current international crisis.

Acindar confirmed that it will not proceed to lay off staff as part of what it called a review of production processes, while noted that in case of rotating suspensions are made, it will happen in companies contractors..

It said “In the context of a highly competitive global industry, the company conducts periodic reviews of their production processes and operations in order to accompany the changes that occur in this area to improve efficiency and competitiveness of the company. These changes have nothing to do, either in substance or in magnitude, with the newly released versions and are part of business decisions that seek to ensure sustainability and success of the company and its people and which are foreign to any economic situation.”

In the statement, it said that "this process of readjustment in the operations take place in a framework of participation and consensus of all stakeholders among which are the union, contractors and authorities."

Finally, it noted that Acindar wishes to reaffirm its commitment to the country, which has accompanied its development and growth in the last 70 years" and that the company expects for 2012 investments of USD 40 million aimed at improving the performance of their facilities.

(Sourced from cadena3.com)