steel plant US Steel Kosice extended the suspension of production in February 2020. According to management, the situation on the steel market in Europe remains challenging and has not changed since June last year, when the company announced the halt of production of steel, one of the three blast furnaces.
Closer to the fall in US Steel Kosice announced that by the end of 2021 will reduce the number of employees working at the ironworks and its subsidiaries, 2,500 employees, to improve the financial position of the company. After this part of the employees used the program of voluntary dismissal with payment of benefits.
currently on the US Steel plant in Kosice has about 9000 people, and together with its subsidiaries - about 10 500. In recent months, the working time at the plant was reduced to four shifts a week.
Company pays for being forced to idle metallurgists 60% of their salary.
"Economic indicators in the region, saying that challenging market conditions are likely to persist in 2020," - said at the factory. "Based on this assessment, one of the three blast furnaces remains dormant, and the company has postponed the investment costs in 2020."
In January of 2019 in US Steel Kosice said the investment in the amount of 130 million U.S. dollars in a new line for the production of electrical steel. The production capacity of the new line is projected at 100 000 tonnes per year. Its construction was to begin in mid-2019 and was over in the fourth quarter of 2020.
