Bosnia-based steelmaker ArcelorMittal Zenica resumed production at its steel plant on May 28, after a 10-day suspension. The plant is operating at full capacity, a company spokesperson told Reuters. However, the steelmaker’s iron ore mines at Omarska in northwestern Bosnia remain shut.
The steelmaker had earlier proposed a wage cut ranging between 10 percent and 20 percent for management positions, but it was rejected, SteelOrbis understands.
As previously reported by SteelOrbis, ArcelorMittal Zenica had suspended production at its steel plant and mines in Bosnia for 10 days due to lower demand amid the lockdown in the country aimed at preventing the spread of the coronavirus. Steel-consuming industries such as automotive also had to suspend operations due to the lockdown.