voda schreef op 2 november 2021 06:58:
ArcelorMittal Bosnia Warn of Job Losses on High Power Prices
Reuters reported that ArcelorMittal Bosnia warned that they will have to lay off workers and close some production plants in Zenica if the Bosnian government doesn’t intervene to curb soaring electricity prices. ArcelorMittal Bosnia’s General Manager Mr Nikhil Mehta said “125% hike in electricity prices, along with a 400% price rise for key input coking coal, would make production unprofitable. We really cannot survive with such kind of increases. Losses would be lower if the company halted production and laid off workers rather than continued trying to operate under such prices.”
ArcelorMittal Zenica uses around 500,000 megawatts of electricity annually. In its new contract proposal, power utility EPBiH has offered ArcelorMittal Zenica a price increase of 70 euros/MW, equating to an extra 35 million eurosa year
ArcelorMittal employs 2,300 people at its Zenica plant, with around 10,000 more jobs linked to it directly or indirectly.
Source: Steelguru