EMCC European Monitoring Centre on Change

ArcelorMittal

Company/Organisation:
ArcelorMittal

Geographic Location

Country: Belgium
Location of affected unit(s): Ghent, Liège, Genk, Charleroi

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment
Number Employed: 14870
Group: Arcelor

Employment Effects

Announcement Date: 05-12-2008
Planned Job Reductions min: 800
Planned Job Reductions max: 850
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-01-2009
Foreseen End Date: 31-12-2011
Other Job Reduction Measures: 850

Additional Information

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.