By RNZ
New Zealand Steel is to restructure its business with the likely loss of up to 200 jobs, but maintain steelmaking at its Glenbrook mill.
The Australian owner of the mill, Bluescope, signalled in May it was reviewing the future of the loss-making business because it was not paying its way.
Chief executive Gretta Stephens said the mill would keep making its top-selling Colorsteel, but loss-making products would be cut and other operations changed.
Advertisement
“We are proposing to change the mix of products and continue our focus on reducing costs to become a leaner and more resilient business that is ‘fit for purpose, fit for market’.”
She said between 150 and 200 jobs may go out of the 1400-strong workforce.
Stephens s…
Read the full article at: https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12362118