ArcelorMittal Liberia has made a payment of USD $308,000 (Three Hundred and Eight Thousand United States Dollars) into an escrow account established for some former independent contractors of the company for social support.
The payment has been confirmed by the bank and disbursement began today Thursday in fulfillment of a promise from ArcelorMittal Liberia to help support efforts to improve the welfare of the former independent contractors.
AML’s contribution to the fund has been happily received with the former contractors expressing thanks to the company for the support.
“Bravo to AML for making sure this happens. Payment has started and the contractors are happy. We are okay because we accepted this in the interest of peace. Everything is now resolved, and we have no claims against the company,” explained Arkins M. G. Cisco, Head of the Aggrieved former AML contractors.
ArcelorMittal clarifies that it has never opposed any proposed settlement to reach an amicable solution to concerns from the former independent contractors.
AML remains committed to being a responsible corporate citizen and calls for adherence to the Government of Liberia’s statement of zero tolerance of disruption to rail operations for any reason.
ArcelorMittal is the world’s leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 17 countries. In 2020, ArcelorMittal had revenues of $53.3 billion and crude steel production of 71.5 million metric tonnes, while iron ore production reached 58.0 million metric tonnes.
Our goal is to help build a better world with smarter steels. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people, and an entrepreneurial culture at heart, we will support the world in making that change. This is what we believe it takes to be the steel company of the future. ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).https://thenewdawnliberia.com/arcelormittal-lists-accomplishments-in-liberia/