Bluescope Steel To Cut 1,000 Jobs, Swings To Loss

Bluescope Steel Ltd BLSFY announced its plans to close operations and lower 1,000 jobs, as it swung to a fiscal-year loss. Bluescope Steel swung to a loss of 1.1 billion Australian dollar ($1.1 billion), versus a profit of A$126 million, in the year-earlier period.