The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.5 - Casting of metals
595 jobs Number of planned job losses
Announcement Date
16 January 2008
Employment effect (start)
1 April 2008
Foreseen end date
1 April 2009
Description
Arcelor-Mittal, the international steel group, has announced that it is to cut 595 jobs from 1,108 at its steelworks in Gandrange, Moselle in France, between April 2008 and April 2009.
The site suffered a net loss of 45 millions euros over the last two years. The group says it will give alternative jobs to employees at its neighbouring site in Florange where it plans to invest 65 millions euros this year, and in Luxembourg.
The European Metalworkers' Federation demanded that Arcelor-Mittal pull back from the partial closure, saying the company had not invested in the plant at all in recent years and the cutbacks posed a threat to the existence of the whole site. Arcelor-Mittal said it would try to give workers the choice of relocating to a nearby flat steel plant in Florange or to other locations over the border in its home base in Luxembourg.
Sources
17 January 2008: Le Parisien
17 January 2008: Le Monde
17 January 2008: Les Echos
17 January 2008: Le Figaro
Citation
Eurofound (2008), Arcelor Mittal, Internal restructuring in France, factsheet number 66204, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66204.
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