Argentinian steelmaker Acindar, from the ArcelorMittal group, is expected to shut down a shift at its Rosario mill located in the providence of Santa Fe, according to a local union.
The suspension of one of the company’s three shifts should be effective on July 31, according to local union UOM. The Rosario mill has some 200 workers, from which 30 could lose their jobs as a result of the shift’s suspension.
UOM is concerned that along with the shift’s halt the mill could also be shutdown. At the same time it looks to cut a shift, Acindar’s workers in Rosario were also given the choice to join a voluntary dismissal, which could help Acindar cut costs.
Earlier this year, Acindar temporarily reduced output by half at its Villa Constitución plant also located in the province of Santa Fe due to a sluggish domestic demand. The same mill suspended steel output for ten days, from March 18-28.
Acindar is Argentina’s largest long steel producer. It produces rebar, mesh, nails, preassembled and welded cages, square and round bars, flat bars, sections, piles, wire rod, drawn bars and barbed wire. It also has an in-house distribution network that can also service end-users.