Zenica Steel began bankruptcy proceedings

From: China Steel News
publisher: Gloria Wong
Time: 2018-01-24

    The Voice of the Daily reported that the city court of Zenica had decided to start the bankruptcy proceedings of Željezara, which was named bankruptcy administrator.The plant filed a court order with the court on November 15, 2017, to start the bankruptcy process. The factory's union believes the move will thaw the factory account and save 200 jobs. The government of Bosnia and Herzegovina and the general manager of Mittal Steel will hold a meeting in Sarajevo to decide on the work of the workers at Mittal Steel.

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