Thread regarding Vale S.A. ADS layoffs

Commodity prices are hurting

Vale is in tough spot with commodity prices so low it does not make sense to work any more - steel is super cheap and the ore is cheaper too - the Chinese are dumping it on the market, they do not care about prices, just market share and Brazil is having issues too - so people are concerned. I still think that layoff rumors for 2016 are not valid and that all of us will be good at the end of the year.

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