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SAFTU's Salvific Steel Stratagem: Sovereign Solution Sought
South African trade union SAFTU calls for government renationalization of ArcelorMittal South Africa as steel plant closures threaten 3,500 direct jobs. The company faces high costs & import competition while negotiations over potential sale to state-owned Industrial Development Corporation remain stalled. AMSA plans eliminating 4,000 positions, nearly half its workforce, amid broader industrial crisis affecting South Africa's manufacturing sector.
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