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 24.52 - Casting of steel
1,100 jobs Number of planned job losses
Announcement Date
1 February 2012
Employment effect (start)
1 February 2012
Foreseen end date
31 December 2012
Description
The steel company ArcelorMittal announced to its European Works Council that over 1,100 jobs will be cut at the Galati site in Romania. The redundancies will be implemented until the end of 2012.
The measure is part of a restructuring programme for the European steel production promoted by the group. It involves cuts in Poland, Belgium and the Czech Republic amongst others.
At present the Galati factory employs approximately 10,000 people. ArcelorMittal has 265,000 employees worldwide .
Sources
2 January 2012: business24.ro
1 February 2012: Le Figaro
Citation
Eurofound (2012), Arcelor Mittal Steel Galati, Internal restructuring in Romania, factsheet number 73070, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73070.
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