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China – Steelmaker to cut 50,000 jobs

The global crisis hammering the steel industry is beginning to be felt in China, 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

US Steel Sector – Half a million U.S. jobs which are at risk say the United Steelworkers

United Steelworkers (USW) International President Leo W. Gerard issued the following statement today on the release of a study of the enormous challenges facing the U.S. steel sector from a flood of imports and rising excess global capacity in steel production. The report “Surging Steel Imports Put Up to Half a Million U.S. Jobs at … Continue reading

Salzgitter / To Cut 1,500 Jobs

Germany’s Salzgitter AG (SZG.XE) said Wednesday it will cut more than 1,500 jobs in response to the crisis in Europe’s steel industry, which prompted a profit warning from the company last week Continue reading

The Canadian Skills Shortage: Keeping Tradespeople Employed for the Foreseeable Future – MarketWatch

The current challenge of all major industrial manufacturers in Canada is the shortage of skilled workers with the right experience. Research conducted by the Canadian Steel Trade and Employment Congress, (CSTEC) underscores this challenge in the broader Steel Sector. With a very high value-add per employee, when compared to the rest of manufacturing, the broader … Continue reading

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