Steel & Tube pauses M&A, cuts more jobs
NZX-listed manufacturing company has implemented a range of new initiatives to improve cash flows.
Metal distributor and processor Steel & Tube (STU) has put the brakes on any mergers and acquisitions as part of a suite of measures to help improve cash flows after a precipitous decline in the past year.
The NZX-listed company's interim financial results, released this morning, showed its
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