Lakshmi Mittal (1)

Lakshmi Mittal – CEO/Chairman – ArcelorMittal

From jubilee to sadness, that’s how President of the Steel Workers Union of Trinidad and Tobago described the situation involving ArcelorMittal workers.

He said that after success at the courts, the Union had received communication from the company to discuss a way forward.

However when Union representatives went to the meeting they received troubling news.
Henry revealed that while they were expecting bad news, they never expected to hear what they did.

AR-160319961.jpg&MaxW=730&imageversion=Article

Retrenched workers of ArcelorMittal, after winning judgement on Thursday, before the company’s doors were closed on Friday morning.

He said that Company cited several reasons for the decision to close its doors.

He said that the reason given by Arcelor Mittal for laying off workers was that the company was experiencing cash flow problems.

However he said in 2014 the company had recorded a profit, so it was shocking that the company was now articulating a debt of over $1 billion.

President of the Steel Workers Union of Trinidad and Tobago