Steel producer ArcelorMittal South Africa (AMSA) plans to cut nearly half of its workforce, impacting over 4,000 jobs, higher than expected. Job cuts will affect Vanderbijlpark, the flagship operation. Discussions with the government have not found solutions. AMSA struggles financially, reporting losses since 2023 and seeking government intervention.

Read more at Yahoo Finance: ArcelorMittal South Africa plans to shed 4,000 jobs