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 Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
800 - 850 jobs Number of planned job losses
Announcement Date
5 December 2008
Employment effect (start)
1 January 2009
Foreseen end date
31 December 2011
Description
The steel manufactuer ArcelorMittal is about to cut around 800 jobs in its Belgian plants. 14,870 workers are currently employed by the group in Belgium. The jobs concerned by the restructuring are in the administrative and commercial units. No direct dismissals will take place. The group will instead encourage dismissals on a voluntary basis and pre-retirement processes for the three years. ArcelorMittal had announced in the end of November, a major restructuring process that will concern about 9,000 employees worldwide in response to the economic slowdown.
Sources
9 December 2008: De Standaard
5 December 2008: L'Echo
Citation
Eurofound (2008), ArcelorMittal, Internal restructuring in Belgium, factsheet number 67699, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67699.
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