ArcelorMitall in Bosnia Lays Off Workers :: BalkanInsight.com
ArcelorMitall, one of the largest employers in Bosnia, announced it will lay off about half of the 4,000 employees in Zenica smelter, due to reduced global demand. Laid-off workers will receive 55 percent of the average salary, amounting to around 200 Euros.
This is to be the single largest lay-off in Bosnia's modern history. Capitalism is striking hard, it seems.
ArcelorMitall, one of the largest employers in Bosnia, announced it will lay off about half of the 4,000 employees in Zenica smelter, due to reduced global demand. Laid-off workers will receive 55 percent of the average salary, amounting to around 200 Euros.
This is to be the single largest lay-off in Bosnia's modern history. Capitalism is striking hard, it seems.
In the last three months, Bosnia's employment bureaus have reported
that at least 15,000 people have have lost their jobs, in the country
and abroad, and have registered as newly unemployed. Economists warn
that the figure could be even higher since not all workers register
with employment bureaus.
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