Arrium to shed 120 NSW jobs

Steel and mining group announces job losses, reports 54% increase in quartetly shipments.

Steel and mining group Arrium (ARI) is to cut 120 jobs as part of a restructure at its Waratah division.

Arrium said it would reduce its workforce at Waratah's base in the NSW city of Newcastle by 20% by June 14.

Arrium's Waratah steelmaking business supplies fencing products to farmers and makes train wheels.

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