ArcelorMittal says job cuts coming

ArcelorMittal spokesman Bill Steers said in an e-mail on Tuesday that the company plans to cut through attrition and "optimization of production."

Steers says ArcelorMittal, based in Luxembourg, hasn't decided about production beyond this year. Yesterday, The Wall Street Journal reported ArcelorMittal would use 70 per cent of capacity for four more years and planned about 10,000 job cuts, citing unidentified people.

United Steelworkers Local 2911 President Mark Glyptis says ArcelorMittal has cut a dozen management jobs lately at its mill in Weirton, West Virginia, but hasn't discussed laying off rank-and-file employees.

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