Tag «JSW Steel’s chairman and managing director Sajjan Jindal»

Stemcor cutting headcount across core business by 25%

Stemcor is reducing headcount across its “core trading and distribution businesses” by 25% as it aims to pay down its $1.2 billion debt, a spokesman for the London-based trading company confirmed Thursday. “This is commensurate with lower revenues that will follow as a result of our efforts to streamline the business to focus on high …