ArcelorMittal Kryvyi Rih, Ukraine’s steel giant, announced it would shut down its subsidiary, Foundry and Mechanical Plant LLC (LMZ), a machine-building and repair-mechanical complex, in three months. The number of job cuts will exceed 2,400, but LMZ employees will receive job offers at ArcelorMittal Kryvyi Rih with the possibility of retraining. The decision is driven by the “extraordinarily high cost of electricity” in wartime Ukraine. Continuous Russian attacks on energy infrastructure led