China’s Shougang Steel to slash jobs as plant moves

Beijing steel maker Shougang will cut its workforce to about 20,000 as it moves to a new coastal facility and closes its polluting plants in China's capital, its chairman said on Friday.
Shougang Iron and Steel Group is closing its Beijing plants and building a new mill with an annual capacity of 9.7 million tonnes on
 the Hebei coast in order to modernise and help reduce Beijing’s choking air pollution.
The cut of 64,700 jobs comes on top of a reduction to around 83,000 employees at the end of last year from 174,000 employees in 2001 and illustrates the labour challenges faced by China as it combats pollution and restructures its large state companies.