China Lay Offs
One of China's Largest Steelmakers Plans to LayOff 50,000 Workers
| Girish Shetti | | Mar 11, 2016 12:24 PM EST |
Wuhan Iron and Steel, one of China's largest steelmakers, plans to lay off 50,000 workers, the company's chairman Ma Guoqiang said, as China begins to restructure state-owned steel and coal factories. The plan is likely result in a total of 1.8 million job cuts.
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