Over 600 workers at steel company sign up for redundancy deal

Over 600 employees at steelmakers Ispat Nova Hut have accepted severance pay equivalent to 25 months' salary, a spokesman for the north Moravian company said on Monday. Ispat Nova Hut plans to lay off 2,000 of its 11,000 workers by the end of the year. The redundancy pay offer - which is unusually generous by Czech standards - is open to employees until the middle of November.