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Acerinox cuts labor hours for weak demands

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It’s reported that Acerinox, a Spanish stainless steel producer, has cut the labor hour of its 2000 employees in half at its Palmones Plant in Campo de Gibraltar at Cadiz in Southern Spain in response to current weak demand and price drop.

The company added that most of its employees agreed on the reduction in the working-hour in order to save costs in the face of global economic downturn.
News Date 19 Feb 2009 13:48:22 reported by Jacky Huang

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