EMCC European Monitoring Centre on Change

Arcelor

Company/Organisation:
Arcelor

Geographic Location

Country: European Union
Location of affected unit(s): Liège (Belgium), Florange (France), Brême & Eisenhuettenstadt(Germany)

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.1 - Manufacture of basic iron and steel and of ferro-alloys
Group: Arcelor

Employment Effects

Announcement Date: 24-01-2003
Planned Job Reductions min: 5000
Planned Job Reductions max: 5000
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-01-2004
Foreseen End Date: 01-12-2010

Additional Information

Arcelor, the worlwide steel leader, announced a European restructuring plan affecting 6 blast furnaces in 4 units untill 2010. The French unit (Florange, Moselle) will be affected the closure of 2 blast furnaces, the belgian unit (Liège) will be affected by the closure of 2 blast furnaces and two german units (Eisenhuettenstadt and Brême) will be affected, each, by the closure of one blast furnace. Arcelor was born by the merger between the Spanish group Aceralia, the French group Usinor and the Luxembourg group Arbed. The restructuring plan is the result of studies that shows an overcapacity of production for Arcelor and a better competitiveness of other units such as Fos and Dunkerque (France), Aviles (Spain) and Anvers (Belgium). The restructuring plan will not only affect 5000 jobs on the blast furnaces but also subcontractors and other linked companies and workers in the regions.