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ArcelorMittal Mexico to Cut 2,800 Jobs


Altos Hornos de Mexico (AHMSA) (AHMSA.MX), DeAcero and ArcelorMittal (ISPA.AS) warned in the statement that if Mexico continues to import steel products at what it called dumping prices, the number of job cuts will rise.

AHMSA said in June it would cut its workforce by 20 percent, around 4,500 jobs, and suspend investments. DeAcero said it had fired 2,500 workers and suspended operations at one plant.

Source: Yahoo Finance