Sidenor halts steel production in Greece for one month

Viohalco subsidiary Sidenor has suspended production at all of its steel plants in Greece beginning April from until May 3 due to a sharp decline in demand for construction materials and the postponement of major state projects. Sidenor, leading steel manufacturer, announced that 80 percent of its staff would be suspended or redeployed on a part-time basis. This includes 150 workers who will continue to carry out deliveries in Thessaloniki in northern Greece and in Almiros in central Greece. It's another damaging blow to the Greek economy that's been dealt by the coronavirus.