Subscribe free to our newsletters via your
. Space Travel News .




TRADE WARS
Steel firms warn of massive Mexico layoffs
by Staff Writers
Mexico City (AFP) July 2, 2015


ArcelorMittal and other steel firms said Thursday they have laid off 10,000 workers in Mexico and warned that thousands more are at risk if the government fails to curb "unfair imports."

The global steel giant and Mexican firms DeAcero, Altos Hornos de Mexico and Tubacero took out a full-page newspaper advertisement urging President Enrique Pena Nieto to impose temporary tariffs on countries with no trade deals with Mexico.

The companies also asked for new foreign trade measures to make sure the industry is protected.

"The gravity and velocity of the crisis affecting Mexican steel companies require the adoption of short-term actions that halt the current damage and protect the source of employment," the ad says.

The companies said they have already shed 10,000 direct and 40,000 indirect jobs, and that they would have to lay off another 7,000 workers if no action is taken.

On Tuesday, thousands of people protested in the steel town of Monclova, in the northern state of Coahuila, over the layoffs by Altos Hornos de Mexico.

The economy ministry issued a statement this week saying it was analyzing with the industry association, Canacero, the "problem derived from the reduction in world demand, the overcapacity in the market, the drop in oil prices, the devaluation of the (Russian) ruble, and other (issues)."

"We have placed particular attention on the risks represented by imports of Chinese products," the statement said, noting that 15 of 31 existing quotas are for steel from China.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TRADE WARS
China PM kicks off France visit with climate pledge, Airbus deal
Paris (AFP) June 30, 2015
China's Prime Minister Li Keqiang made a long-awaited pledge to curb carbon emissions during a trip to France Tuesday in which a Chinese company also inked an $18 billion (16.1 billion euros) deal with Airbus. France has rolled out the red carpet for Li as it seeks to ratchet up economic cooperation with the world's second biggest economy and some 50 trade deals are expected to be signed dur ... read more


TRADE WARS
SpaceX rocket explodes after launch

What cargo was lost in the SpaceX explosion?

Garvey Spacecraft selects Pacific Spaceport Complex

Sentinel-2A satellite ready for Launch from Kourou

TRADE WARS
Rover In Good Health After Communication Blackout

Veteran NASA Spacecraft Nears 60,000th Lap Around Mars, No Pit Stops

Scientists find methane in Mars meteorites

NASA Signs Agreements to Advance Agency's Journey to Mars

TRADE WARS
Russia to Land Space Vessel on Moon's Polar Region in 2019

Moon engulfed in permanent, lopsided dust cloud

Crashing comets may explain mysterious lunar swirls

Google Lunar X-Prize meets Yoda

TRADE WARS
37 Years after Its Discovery, Pluto's Moon Charon Is Being Revealed

Much variety on Pluto's Close Approach Hemisphere, and a Charon dark pole

Ceres Spots Continue to Mystify in Latest Dawn Images

Different Faces of Pluto Emerging in New Images from New Horizons

TRADE WARS
Can Planets Be Rejuvenated Around Dead Stars?

Spiral arms cradle baby terrestrial planets

Supercomputer model shows planet making waves in nearby debris disk

Hubble sees a 'behemoth' bleeding atmosphere around a warm exoplanet

TRADE WARS
ESA spaceplane on display

US Rocketeers Take Home Championship

Communicating with hypersonic vehicles in flight

RS-25 Engine Fires Up for Third Test in Series

TRADE WARS
Cooperation in satellite technology put Belgium, China to forefront

China's super "eye" to speed up space rendezvous

Electric thruster propels China's interstellar ambitions

China Plans First Ever Landing On The Lunar Far Side

TRADE WARS
Exposed water ice detected on comet's surface

OSIRIS-REx Team Prepares for Next Step

Rosetta tracks debris around comet

MIRO maps water in comet's coma




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.