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Steel mills cut wages to weather through meager profits
Aug 15, 2013  09:29:37
In face ofpressing challenges of economic slowdown, demand recession and cost surging, many steel mills resort to the solution of cost reduction and efficiency enhancing. As learned, Hebei Iron & Steel Co. (000709.SZ) and Shougang Company (000959.SZ) have cut general staff wages over 10% and even 30% to some employees. "Cutting...

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