Reuters reported that ArcelorMittal Temirtau has reached a deal with its workers to avoid layoffs or shutdowns by introducing 3 month pay cuts for employees instead.
It said in a statement it has introduced limits on bonuses and other payments, reducing the total payroll by 14% following a
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Monday, June 1, 2009
Downsizing deals - ArcelorMittal Temirtau in deal with workers
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