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Brazil's Gerdau to lay off 200 workers at Pindamonhangaba steel mill

2015-09-12 01:54:44| Steel - Topix.net

Workers at the Pindamonhangaba mill of Brazil's Gerdau SA, Latin America's largest steelmaker, approved an accord that will result in the layoff of 200 workers for five months as a Brazilian economic recession cuts steel demand. The local steelworkers union in Pindamonhangaba, a city 125 kilometers northeast of the Sao Paulo, on Thursday said it had approved the deal.

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