Liberia: Sources - Arcelor Mittal Laying Off 400 - BHP Packing?

Monrovia — The economic impact of the deadly Ebola Virus outbreak continues to have major impacts on Liberia with multiple sources confirming to FrontPageAfrica that Arcelor Mittal, one of the leading investors in Liberia is on the verge of laying off some 400 employees while BHP Biliton, another investor in Iron Ore is on the verge of selling its stake in Liberia to another company.

Mittal had earlier this year expressed fears that the Ebola outbreak would force it to delay the expansion of highly profitable iron ore mines in Liberia, as Western companies start scaling back operations in West Africa. It is unclear whether those delays are contributing to reported plans to lay off workers. In August, some 15 contracting companies working on the ArcelorMittal expansion declared a force majeure and reportedly evacuated their 645 employees.

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