Russian steel producing and mining company Evraz Group has announced the restart of operations at South Africa-based Evraz Highveld Steel and Vanadium which had been temporarily suspended as a result of an industrial action.
The conflicts between the company and the labor union have been settled and the three-shift system has been converted to a four-shift system. All operational employees reported to duty on August 13, 2012 on the new four-shift system.
The steelworks, which restarted on August 13, is expected to be fully operational by the end of this month. The company said it will focus on meeting all orders and commitments to its clients and partners, adding that the labor actions in South Africa have had no material effect on the financial performance of Evraz during the current period.