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China – Steelmaker to cut 50,000 jobs

The global crisis hammering the steel industry is beginning to be felt in ChinaChina, where one of the country’s biggest producers has said it may let go 50,000 of its 80,000-strong workforce.

Chosen excerpts by Job Market Monitor. Read the whole story at  Chinese steelmaker readies 50,000 jobs cuts as industry crisis deepens

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