Alarming Job Losses Loom as South African Steel Sector Declines, Seifsa Warns
Jan 03, 2024
Warning: South African Steel Sector Faces Imminent Job Loss Crisis
The South African steel industry is on the brink of a severe crisis, with Seifsa projecting over 290,000 job losses in the next five years due to a consistent annual decline of 1.3% in the metals and engineering sector.
The recent closure announcements by ArcelorMittal South Africa further exacerbate the situation, raising concerns about the downstream impact on various critical industries.
Seifsa's COO, Tafadzwa Chibanguza, emphasizes the urgent need for intervention and reform to address structural issues and avert a deepening unemployment crisis.
For an in-depth look at the challenges and proposed solutions, read the full article on Engineering News:
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