Steel bosses ‘run out of steam’ to keep investing
STEEL bosses marching with their workforces in Brussels yesterday claimed they had been forced to make job cuts because their firms were “running out of steam.”
Questioned by the Star in Brussels’s Parc du Cinquantenaire, Tata Europe chief executive Karl Koehler denied that his firm’s decision to lay off at least 1,200 staff reflected a lack of long-term commitment.
He said the company was not taking a short-term approach, but had “run out of steam.
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