Dow Jones Newswires reported that ArcelorMittal Spain has implemented a temporary-layoff program for its workforce in Spain amid lower plant activity as the steelmaker wrestles with weak demand. The layoff agreement, which applies to all ArcelorMittal's 8,300 workers in the country, went into effect on 1 October and will last until 31 December. ArcelorMittal spokesman told DJN “Precisely how the temporary-layoff program is applied depends on market conditions and the needs of each of the company's Spanish facilities.”He added “The company will monitor whether it will have to extend the program into 2023.”The application of the furlough scheme in Spain means that workers downstream of its idled blast furnace in Asturias, in the north of the country, will have working hours cut by 25% on average. The Aviles steel works, hot strip mill and cold rolling mills will be the most affectedThe move comes after ArcelorMittal idled Blast Furnace A at its 4.5 million tonne per year Gijon plant in Spain on 2 September, after 1 September announcement of closure due to strong competition from imports and weak demand and the steelmaker delaying the restart of its 2 million tonne per year electric-arc furnace at Sestao, Spain, after concluding maintenance in August.
Dow Jones Newswires reported that ArcelorMittal Spain has implemented a temporary-layoff program for its workforce in Spain amid lower plant activity as the steelmaker wrestles with weak demand. The layoff agreement, which applies to all ArcelorMittal's 8,300 workers in the country, went into effect on 1 October and will last until 31 December. ArcelorMittal spokesman told DJN “Precisely how the temporary-layoff program is applied depends on market conditions and the needs of each of the company's Spanish facilities.”He added “The company will monitor whether it will have to extend the program into 2023.”The application of the furlough scheme in Spain means that workers downstream of its idled blast furnace in Asturias, in the north of the country, will have working hours cut by 25% on average. The Aviles steel works, hot strip mill and cold rolling mills will be the most affectedThe move comes after ArcelorMittal idled Blast Furnace A at its 4.5 million tonne per year Gijon plant in Spain on 2 September, after 1 September announcement of closure due to strong competition from imports and weak demand and the steelmaker delaying the restart of its 2 million tonne per year electric-arc furnace at Sestao, Spain, after concluding maintenance in August.
