WISCO Refutes Reports about Job Cuts
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Leading Chinese steel maker Wuhan Iron and Steel Company has rejected media reports about job cuts which it said were inaccurate.

Earlier, It was reported that Wuhan Iron and Steel Company Limited, a listed arm of WISCO, planned to cut 6-thousand jobs within three months and that WISCO would probably lay off 11-thousand employees.

In response, WISCO says the inaccurate media reports had led to uncertainty among its labor force and in the community.

The company also said it had no plan to cut jobs at the moment.

Meanwhile, the company added that it will constantly optimize labor resources, reduce human resource costs and enhance labor productivity.

Author： 　　　Source：CRI　　　 Editor：Yang Fan