- ArcelorMittal (NYSE:MT) is cutting 2,800 jobs at its Mexico unit as a result of a global price slump, while accusing Russia, China and Turkey of dumping steel on markets at levels below production costs.
- ArcelorMittal also warned that if Mexico continues to import steel products at what it called dumping prices, the number of job cuts will rise.
ArcelorMittal Mexico announces massive layoffs
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| Symbol | Last Price | % Chg |
|---|---|---|
| MT | - | - |
| ArcelorMittal S.A. | ||