Swiss Steel

Swiss Steel plans to consolidate DEW capacities in Witten and Siegen and to sell or close the plants in Hagen and Krefeld; the steelworks in Siegen is to be “paused” initially but could be restarted if market conditions improve. According to the company, around 220 positions would be directly affected; the Siegen rolling mill with about 700 employees will remain part of the future production network. Around 3,500 people responded to an IG Metall call to demonstrate against the measures; the city leadership called for a serious review of all options to preserve jobs. » Altro su finanzen.net

Swiss Steel will consolidate capacities of Deutsche Edelstahlwerke (DEW) in Witten and Siegen and sell the plants in Hagen and Krefeld; if sales fail, those sites are to be closed. Witten is to take over production volumes and be almost fully utilized, Siegen will remain an integral part of the production network, while the rolling mill in Siegen could be paused for the time being. The restructuring, with planned investments, is to take place within the next two years; Swiss Steel cites shrinking market volumes, high energy costs and import pressure as reasons and announces negotiations on an agreement of interests and a social plan. » Altro su finanzen.net

Der Luzerner Regierungsrat hat einem kantonalen Rettungsbeitrag für Steeltec in Emmenbrücke, einer Tochter der Swiss Steel Group, eine Absage erteilt. Damit fällt die geplante Finanzhilfe für den Stahlhersteller weg. Weiterführende Details werden im vollständigen awp-Artikel genannt. » Altro su finanzen.net