Onesteel is cut around 1240 jobs as the company seeks to keep costs under control, despite reporting a better than expected result and avoiding their first ever half year loss.
In April the company flagged that it would look to cut some its 11,000 strong workforce despite yesterday announcing a better than expected full-year result.
The company said that 840 staff had already gone and a further 400 jobs would be disappear by the end of the year.
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