Exodus from ArcelorMittal India, 20 top honchos quit

摘要

ARCELORMITTAL is lacing an exodus of senior management at its India office, with about 20 top executives, including its CEO for Greenfield Projects Sanak Mishra, quitting in frustrations of having little or no work as company's projects here have failed to take off so far. The world's largest steelmaker had announced in 2005 and 2006 with much fanfare setting up of two mega steel plants in Jharkhand and Odisha, entailing an investment of $12 billion on each project.