ArcelorMittal to cut 10,000 Jobs

ArcelorMittal ,the world’s largest steelmaker is looking to eliminate about 10,000 jobs, with most of the cuts in Europe and the U.S.

The company declined to specify layoff numbers, but sources said the target is about 3.9% of the 287,000 employees the company had as of Sept. 30. Many of the cuts are expected to affect workers who were furloughed.