U.S. Steel shuts down second furnace?

The primary production at U.S. Steel Serbia in Smederevo will halt in April, daily Večernje Novosti writes today.

Izvor: Veèernje novosti

Friday, 06.03.2009.

10:09

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The primary production at U.S. Steel Serbia in Smederevo will halt in April, daily Vecernje Novosti writes today. After the first, the second blast furnace will also be shut down in the first days of the next month, the newspaper reports, and adds that the decision was made several days ago. U.S. Steel shuts down second furnace? Although this was announced earlier, there were "indications" that it would still not happen, the article says. As things stand now, raw iron will not be produced in either of the furnaces before the end of 2009. The company has not officially confirmed the news. U.S. Steel Serbia Director of Communications Nemanja Brkovic said that they would not "speculate on the business decisions that could be made". He added that production was "consolidated in order to meet buyers' demands". For the time being, there will not be any layoffs, and it remains unclear whether workers will be made temporarily redundant. What is certain is that starting next week, all 6,000 workers and the entire management will have four instead of five working days a week. "Those employed will have one day of paid leave a week, receiving 60 percent of full wages. This is a difficult but necessary measure," Brkovic was quoted as saying.

U.S. Steel shuts down second furnace?

Although this was announced earlier, there were "indications" that it would still not happen, the article says. As things stand now, raw iron will not be produced in either of the furnaces before the end of 2009.

The company has not officially confirmed the news.

U.S. Steel Serbia Director of Communications Nemanja Brković said that they would not "speculate on the business decisions that could be made".

He added that production was "consolidated in order to meet buyers' demands".

For the time being, there will not be any layoffs, and it remains unclear whether workers will be made temporarily redundant.

What is certain is that starting next week, all 6,000 workers and the entire management will have four instead of five working days a week.

"Those employed will have one day of paid leave a week, receiving 60 percent of full wages. This is a difficult but necessary measure," Brković was quoted as saying.

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