Slovakia steel mills by job cuts to reduce costs

According to, "there is a newspaper" reported on March 12, since the start of the iron and Steel company is located in Slovakia kosice states steel (hereinafter referred to as the "steel") by providing economic compensation way to encourage the staff attrition, in order to reduce costs. To date, there have been 85 employees leave, issued by the factory for each employee of compensation for an average of 19000 euros. Us steel says its product prices since China imported steel your $50 per ton, hope through the above method to cut at least 250 employees, in order to reduce labor costs.

Cold iron and steel industry in 2015, the "ice age", the serious excess capacity, serious imbalance between supply and demand, steel prices fell sharply, industry-wide losses of 64.5 billion yuan. In 2016, as the country's economic transformation of strength increase, the whole industry is still "cold", iron and steel enterprise survival difficult. Iron and steel enterprise how to view the current situation? Want out of the woods, the iron and steel enterprise how to choose the development path? What kind of policy support need