Steelmaker has pledged to pay back wages to employees affected by recent layoffs. The company’s U.S. parent cited tariffs, weak demand and imports as the reasons for the job cuts. The back‑pay initiative aims to address the financial impact on displaced workers. The move follows the company’s broader strategy to manage costs amid shifting market conditions.
Steelmaker promises back pay for workers whose layoffs its US owner blamed on tariffs, weak demand and imports.
