Inclusion of Steel in RCEP Worrying Indian Steel Mills

Economic Times reported that Indian steel industry captains have called on the government to exercise caution while finalizing the multilateral trade agreement India’s Regional Comprehensive Economic Partnership. Mr Seshagiri Rao joint MD of JSW Steel told ET “Our plea is that even if RCEP negotiations are finalized, Indian steel industry which has suffered in the…

SSAB to Lay Off in Finnish Operations

SSAB has started to explore flexibility measures related to staffing adjustments at the end of August and initiated employer-employee negotiations in its Finnish operations concerning potential temporary lay-offs of a maximum of 90 days. The negotiations have now ended and there will be a temporary lay-off need averaging 2-3 weeks in 2019. The temporary layoffs…