Spectator on facebook

Spectator on facebook

U.S. Steel Košice to cut jobs

After the steelworks announced a programme of voluntary resignations, more people are likely to leave.

(Source: Courtesy of USSK)

KOŠICE-based company U.S. Steel will cut more than 20 jobs in administration and management due to the prevailing situation on the steel market. The company’s spokesperson Ján Bača did not specify how many people will lose their jobs.

“The overall tally of employees affected will hinge also on production and business conditions and needs,” Bača said, as quoted by the TASR newswire.

According to the Sme daily, the company has offered these people jobs in production.

U.S. Steel Košice says the decision was inspired by the situation in global steel production.

“Particularly in the recent six months, we’ve recorded a massive rise of imported products at extremely low, dumping prices,” Bača said, as quoted by TASR, adding that this development prompted the company management to slim down its organisational management and administration structure.

Read also: Read also:Steelmakers march against Chinese imports

In addition to the abolished 20 jobs, a further 85 employees will voluntarily leave U.S. Steel in the course of the year. They will receive a severance payment for 10 months, amounting to some €19,000, Sme wrote.

Topic: Industry


Top stories

What does a big fat Slovak wedding look like?

Eating cock meat or noodles with human milk used to be a part of a Slovak wedding, but to most couples today, having a candy bar or professional photographer is more important than observing traditions.

Illustrative stock photo

The first Slovak satellite goes into orbit

After five years of construction, SkCUBE is ready to fly

Another salary negotiation at Volkswagen fails Photo

The strike continues, the representatives of the trade unions say it would be a mistake to give up.

Anti-extremist campaign: Together, there are more of us Photo

Activists launched a new anti-extremism campaign ahead of the autumn regional election in Banská Bystrica.

Together There Are More of Us campaign has been launched June 21, in front of the Banská Bystrica regional office.