The Arrium steelworks in South Australia is at risk of closing its doors and leaving 1100 people without work. It is also looking at putting its mining operation into care and maintenance. Arrium is currently shedding 200 full-time employees and 380 c0ntractors at the SA southern Iron project. It needs to increase operational savings by $60M if there is to be any hope of preventing the closure.
Source: Manufacturers Monthly