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Arrium to slash $100m in costs from Whyalla steel plant, cut jobs

2015-10-01 06:10:28| Industrial Machines - Topix.net

Arrium will cut jobs and overhaul operating practices at its Whyalla steel works in South Australia to save $100 million as the company rolls ahead with an auction for its prized mining consumables business. The embattled steel, mining, and materials group said on Thursday that it is seeking an additional $100 million of cost savings in its steel arm, OneSteel, on top of $60 million of previously announced cost savings from the group.

Tags: jobs costs cut steel

Category:Industrial Goods and Services

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