Markets on the Rise

  • Most Popular
  • Most Shared

Reuters Showcase

2G Scandal

2G Scandal

Telenor to drop partner Unitech after 2G scandal  Full Article | Related Story 

Tata Motors & JLR

Tata Motors & JLR

BREAKINGVIEWS: JLR flotation would make sense for Tata Motors.  Full Article 

Deal Talk

Deal Talk

Kellogg to buy Pringles from P&G for $2.7 billion.  Full Article 

Powerful Strategy?

Powerful Strategy?

Govt presses Coal India to end power shortages.  Full Article 

Telecom M&A

Telecom M&A

Govt eases telco merger rules; defers spectrum pricing.  Full Article 

Snag in Talks

Snag in Talks

Yahoo-Alibaba talks falling apart - sources.  Full Article 

iPhone's Market Share

iPhone's Market Share

Apple iPhone market share to slip from Q1 - Gartner.  Full Article 

Buy, Sell or Hold?

Buy, Sell or Hold?

Stock recommendations from VantageTrade.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage 

Strike ends at ArcelorMittal Algeria plant - union

Related Topics

ALGIERS | Fri Jan 22, 2010 12:33am IST

ALGIERS (Reuters) - A nine-day strike at ArcelorMittal's steel complex in Algeria has ended after the company agreed to worker demands that it keep a coking plant open, a union leader said on Thursday.

"We have decided to stop our strike after Arcelor agreed to renovate the coking plant as soon as possible," local union leader Smain Kouadria told Reuters. "This is a victory for us and we will come back to work tomorrow."

A spokesman for ArcelorMittal, the world's largest steelmaker, said he had received confirmation that work was resuming at the plant.

The complex, near the town of Annaba, produced about 750,000 tonnes of flat and long steel products in 2009, the company said, most of it destined for Algeria's domestic market but with some also exported to the Mediterranean region.

ArcelorMittal had said there was a question mark over whether it was economical to renovate the coking plant at Annaba, which has been closed since October last year over safety concerns.

Workers went out on strike because they said permanent closure of the coking plant would lead to several hundred job losses.

Union representative Kouadria said on Thursday the Algerian government will provide assistance with investment in modernising the plant up to 2014, though he did not specify what form that help would take.

(Reporting by Lamine Chikhi and Christian Lowe; Writing by Christian Lowe, editing by Nigel Hunt)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.