Shandong seamless steel tube big shareholders to pay another 3.5 billion companies will not be ST and expected loss rate is one of the largest steel songshan.Steel songshan loss in the first three quarters of this year is expected to have reached 1.6 billion yuan, and steel songshan is 1.388 billion yuan for the full year 2014.Forecast losses second valin steel tube, in the first three quarters of this year is expected losses of 9-1.3 billion yuan.The steel market continues to weaken with the nearly tens of thousands of employees of shandong
seamless steel tube and stumble, if you can't turn a profit at the end of the year, has lost $1.398 billion last year will be ST shandong iron and steel., according to the relevant data of 34 listed steel companies, there are 21 steel companies to disclose the performance forecast, as many as 14 companies forecast three quarterly loss, accounts for two-thirds ratio.On October 15, shandong steel pipe, according to the announcement by the price of 12.82 billion yuan to the actual controllers of shandong branch of jinan iron and steel group transfer part of the assets.
Shandong iron and steel group directly indirectly holds a 60.71% stake in shandong iron and steel, market speculation, the move may be to ensure that the shandong steel annual turnround.Announcement shows that the transfer of value can be divided into two parts, the first mountain steel group accept no less than $9.32 billion of debt, cash payment at the same time does not exceed 3.5 billion yuan.Since the end of 2014, the shandong seamless steel tube group began implementing plans to cut ten thousand jobs, 3 years on full pay cut at the same time.Cut wages for staff redundant shandong steel saves a lot of money, although in the first quarter of 2015, shandong iron and steel is still a loss of 189 million, but firms in the second quarter of profitability, revenue in 10.732 billion, net profit of 197 million yuan.Turnround in the second quarter of shandong iron and steel that is mainly thanks to layoffs cuts since last year.Data show that shandong
seamless tube management fees decreased during the first half of 101 million yuan, including employee compensation has fallen by 35.66%.Interface journalists get a public data shows that the shandong iron and steel group, a total of 99635 workers, 2958 less than last year.Shandong seamless tube group after internal documents revealed, will cut 3000 jobs in 2014, 2014.Shandong iron and steel group has completed the goal the task ahead of time."Wages fall is very big, many employees choose to leave, this part is not in the minority."A shandong iron and steel interface of insider told journalists.
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