Swiss steelmaker Stahl Gerlafingen has announced plans to lay off an additional 120 employees. This follows earlier redundancies when the company closed its production line for merchant bar and sections in the spring. The layoffs are attributed to high power prices and unfavorable production conditions in Switzerland.
Despite these challenges, the company aims to maintain operations, emphasizing its role in the country’s circular economy as a scrap-based producer. The unions have called for stricter policies to support the use of low-emission steels in the construction industry.
