Gerdau will lay off 100 workers at its special steel unit in Pindamonhangaba city, in Brazil's southeastern S??o Paulo state, due to the weak performance of the Brazilian automotive industry, according to the company.
"Gerdau confirms negotiations with the union to conduct a layoff program at its Pindamonhangaba works, starting in April," the Brazilian steelmaker said.Supply to clients will remain unaffected, according to Gerdau."The decision was due to recent movements from the Brazilian automotive industry, which is the main consumer of special...