“ArcelorMittal tragedy | Numsa demands inquiry” dated 24 February 2021 at https://youtu.be/B6o9wdT0CYY
A burial site for workers. That's how Numsa describes ArcelorMittal South Africa. Last week the bodies of three workers were retrieved after being buried in a massive pile of rubble for hours in the Vaal [Vanderbijlpark plant]. eNCA's Silindelo Masikane has the details.
Is it coincidence that the following happened?
“Peet Snyders, head of ArcelorMittal Vanderbiljpark plant, mowed down in hail of bullets”- https://southafricatoday.net/south-africa-news/gauteng/peet-snyders-head-of-arcelormittal-vanderbiljpark-plant-mowed-down-in-hail-of-bullets/
Mr Peet Snyders (47), head of the ArcelorMittal plant in Vanderbiljpark, was shot and killed on Thursday 17 March 2021, in a planned assassination hit carried out by four black men with balaclavas.
Kobus Verster, CEO of ArcelorMittal, issued a media statement after the murder in which he said Mr Snyders was driving home in his car when the attack was carried out at the intersection of Delfos street and Hertz Boulevard in Vanderbiljpark.
A SAPS spokesperson confirmed the attack and said Mr Snyders was declared dead at the scene. He confirmed there were 4 attackers wearing balaclavas.
It is widely speculated that the murder on Mr Snyders has something to do with his position as head of the ArcelorMittal plant in Vanderbiljpark.
Mr Snyders leaves his wife and 2 children behind.
Below are a few excerpts from https://economictimes.indiatimes.com/news/company/corporate-trends/arcelormittal-exits-pandemic-with-shift-to-younger-generation/articleshow/80858969.cms dated 11 February 2021.
ArcelorMittal named Aditya Mittal its new chief executive officer, marking a generational shift as a leaner steelmaker emerges from the pandemic.
The 45-year-old served a two-decade apprenticeship under his father Lakshmi Mittal, who becomes executive chairman of the steelmaking giant he founded in 1976. During that period, the new CEO made his mark, spearheading the $34 billion takeover of Arcelor in the steel industry’s biggest-ever deal.
Lakshmi Mittal, the billionaire steel magnate who owns 36% of the company, is stepping back from day-to-day operations as ArcelorMittal rewards investors with a revived dividend and series of share buybacks after years of focusing on debt reduction. Mittal, who was once the U.K.’s richest man, built the company from a rolling mill in Indonesia in 1976, before transforming the industry with the takeover of his largest rival 30 years later.
Aditya Mittal, who previously worked in Credit Suisse Group AG’s investment bank, played a key role in driving the acquisition of Arcelor in 2006. His plan catapulted Mittal from being the owner of older plants, mainly in emerging markets, to the world’s biggest and most advanced steelmaker. It also lumbered the company with debt that it’s spent the past 15 years trying to escape from.
The steelmaker has focused on consolidation, selling its North American operations to Cleveland-Cliffs Inc. and shuttering an unprofitable furnace in Poland. It also sold most of its stake in the beleaguered Ilva mill to the Italian government.
ArcelorMittal reported fourth-quarter earnings before interest, taxes, depreciation and amortization of $1.73 billion.