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ArcelorMittal Cuts 5% of Jobs in Minas Gerais Unit, Estado Says

Sept. 7 (Bloomberg) -- ArcelorMittal dismissed almost 5 percent of its workforce at a unit in the Brazilian state of Minas Gerais because of reduced demand for domestically-produced steel, O Estado de S. Paulo reported, citing a note from the company.

ArcelorMittal dismissed 45 workers from the plant in Juiz da Fora, citing foreign steel imports as one of the main reasons for the fall in demand, O Estado said.

Story Link:{NSN LR59R96JIJUO<GO>} Link to Company News:{MT NA <Equity> CN <GO>}

To contact the reporter on this story: Karen Eeuwens in London at keeuwens@bloomberg.net

To contact the editor responsible for this story: Chris Peterson at cpeterson@bloomberg.net

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