12:38, 13 February 2014 | GMT +5
ArcelorMittal Temirtau puts mass layoffs rumors to rest
ASTANA. KAZINFORM - The world's largest steel maker ArcelorMittal Temirtau promises not to cut the workforce in Kazakhstan. The situation is closely monitored by governor of the Karaganda region Baurzhan Abdishev, the Karaganda regional administration says.

"The company has made a decision to steer away from mass redundancies and preserve workplaces," the administration confirmed.
Since December 2013, Kazakhstani mass media have numerously addressed the rumor that company plans harsh downsizing. It was believed that nearly 2 500 ArcelorMittal Temirtau employees are going to lose their job.
ArcelorMittal Temirtau plans to launch a big investment project in September 2014 - a blast furnace №3 - that is slated to boost company's production.
"The future looks quite optimistic and there is no need for mass layoffs," the press service of the Karaganda region's governor reports.