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ArcelorMittal reports quarterly loss, job cuts


LUXEMBOURG: ArcelorMittal steel reported a huge loss in the last quarter of 2008, and announced on Wednesday that job cuts could exceed a planned total of 9,000. The group reported a nine-percent net profit fall for the year to 9.4 billion dollars (6.4 billion euros), said Lakshmi Mittal, Chairman and CEO of ArcelorMittal steel group.

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