U.S. Steel Serbia unit trims working week

Full story: Reuters

U.S. Steel Corp's underperforming Serbian unit said on Monday it would cut back to a four-day working week for the majority of its workforce to reduce costs.
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1 - 6 of 6 Comments Last updated Jan 11, 2012
Bizwiz

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#1
Jan 9, 2012
 
U.S. Steel Corp's underperforming Serbian unit said on Monday it would cut back to a four-day working week for the majority of its workforce to reduce costs.

For the past five years, the steel plant in the Serbian city of Smederevo has been running far below its annual capacity of 2.4 million tonnes, but remains a major exporter and employer.

U.S. Steel Corp has blamed sluggish economic growth in the Balkan region and pressure from lower-priced imports, resulting in weaker demand.

U.S. Steel Serbia said it had decided to cut back to a four-day week for most workers, who would receive 60 percent of pay for the fifth day.

"This action will help our Company to reduce costs in a fair and reasonable way and minimize the impact of the hard economic situation on the families of our workers," U.S. Steel Serbia spokesman Nemanja Brkovic said in an e-mailed statement.

"The new regime will enable the company to be flexible enough to meet the needs of our customers."

U.S. Steel purchased Smederevo's bankrupt Sartid steel mill in 2003 for $33 million in one of the first major privatisation deals after the ouster of Serbian strongman Slobodan Milosevic in 2000.
Bizwiz from Srbija

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#2
Jan 9, 2012
 

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Bizwiz wrote:
U.S. Steel Corp's underperforming Serbian unit said on Monday it would cut back to a four-day working week for the majority of its workforce to reduce costs.
For the past five years, the steel plant in the Serbian city of Smederevo has been running far below its annual capacity of 2.4 million tonnes, but remains a major exporter and employer.
U.S. Steel Corp has blamed sluggish economic growth in the Balkan region and pressure from lower-priced imports, resulting in weaker demand.
U.S. Steel Serbia said it had decided to cut back to a four-day week for most workers, who would receive 60 percent of pay for the fifth day.
"This action will help our Company to reduce costs in a fair and reasonable way and minimize the impact of the hard economic situation on the families of our workers," U.S. Steel Serbia spokesman Nemanja Brkovic said in an e-mailed statement.
"The new regime will enable the company to be flexible enough to meet the needs of our customers."
U.S. Steel purchased Smederevo's bankrupt Sartid steel mill in 2003 for $33 million in one of the first major privatisation deals after the ouster of Serbian strongman Slobodan Milosevic in 2000.
Kiss my SRBIAN BIZWIZ, you like so much...
Austriacus

Corfu, NY

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#3
Jan 10, 2012
 
Bizwiz from Srbija wrote:
<quoted text>
Kiss my SRBIAN BIZWIZ, you like so much...
Go for your kiss to the lavatory!
albanians are gypsys

Canada

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#4
Jan 11, 2012
 
Bizwiz from Srbija wrote:
<quoted text>
Kiss my SRBIAN BIZWIZ, you like so much...
see how stupid that albanian is he posted that but didnt read it on the fifth day the people get paid 60% of that day so every week they work 4 days but still get paid for 5 but at 60% heheh dumb albanian doesnt even know what hes reading.
albanians are gypsys

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#5
Jan 11, 2012
 
Bizwiz wrote:
U.S. Steel Corp's underperforming Serbian unit said on Monday it would cut back to a four-day working week for the majority of its workforce to reduce costs.
For the past five years, the steel plant in the Serbian city of Smederevo has been running far below its annual capacity of 2.4 million tonnes, but remains a major exporter and employer.
U.S. Steel Corp has blamed sluggish economic growth in the Balkan region and pressure from lower-priced imports, resulting in weaker demand.
U.S. Steel Serbia said it had decided to cut back to a four-day week for most workers, who would receive 60 percent of pay for the fifth day.
"This action will help our Company to reduce costs in a fair and reasonable way and minimize the impact of the hard economic situation on the families of our workers," U.S. Steel Serbia spokesman Nemanja Brkovic said in an e-mailed statement.
"The new regime will enable the company to be flexible enough to meet the needs of our customers."
U.S. Steel purchased Smederevo's bankrupt Sartid steel mill in 2003 for $33 million in one of the first major privatisation deals after the ouster of Serbian strongman Slobodan Milosevic in 2000.
your fcking stupid read the whole article and not the title it says they still get paid for the fifth day at 60% you dummy so they work for but still get paid for 5 but the fifth day is at 60% looool your fcking stupid.
Stern des Sudens

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#6
Jan 11, 2012
 
Bizwiz wrote:
U.S. Steel Corp's underperforming Serbian unit said on Monday it would cut back to a four-day working week for the majority of its workforce to reduce costs.
For the past five years, the steel plant in the Serbian city of Smederevo has been running far below its annual capacity of 2.4 million tonnes, but remains a major exporter and employer.
U.S. Steel Corp has blamed sluggish economic growth in the Balkan region and pressure from lower-priced imports, resulting in weaker demand.
U.S. Steel Serbia said it had decided to cut back to a four-day week for most workers, who would receive 60 percent of pay for the fifth day.
"This action will help our Company to reduce costs in a fair and reasonable way and minimize the impact of the hard economic situation on the families of our workers," U.S. Steel Serbia spokesman Nemanja Brkovic said in an e-mailed statement.
"The new regime will enable the company to be flexible enough to meet the needs of our customers."
U.S. Steel purchased Smederevo's bankrupt Sartid steel mill in 2003 for $33 million in one of the first major privatisation deals after the ouster of Serbian strongman Slobodan Milosevic in 2000.
I was wrong sorry guys wrong article :-)

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