POSCO stops some of its production lines

It is reported that due to the business decline rising from the COVID-19 epidemic, South Korea's POSCO has suspended some of its production lines, and decided to allow some employees to take paid leave on June 8.Asian Metal CopyrightIt is reported that due to the business decline rising from the COVID-19 epidemic, South Korea's POSCO has suspended some of its production lines, and decided to allow some employees to take paid leave on June 8.Asian Metal Copyright The monthly salary of employees with paid vacation will be 70% of usual, and POSCO said that it does not consider layoffs at present.

In addition, due to equipment repairs and maintenance work, POSCO has postponed the plan to restart a blast furnace in Gwangyang, South Jeolla in May.
.Asian Metal CopyrightIt is reported that due to the business decline rising from the COVID-19 epidemic, South Korea's POSCO has suspended some of its production lines, and decided to allow some employees to take paid leave on June 8Asian Metal Copyright