EMCC European Monitoring Centre on Change

Arcelor Mittal

Company/Organisation:
Arcelor Mittal

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.52 - Casting of steel
Number Employed: 326000
Group: Arcelor

Employment Effects

Announcement Date: 27-11-2008
Planned Job Reductions min: 9000
Planned Job Reductions max: 9000
Type of Restructuring: Internal restructuring

Additional Information

ArcelorMittal, the world giant in the steel making sector, has announced up to 9,000 job cuts (approximately 3% of the total global workforce) in order to reduce operation costs. Employees in administration will be the most affected by the restructuring. The process will be run in close collaboration with stakeholders and in accordance with the appropriate social considerations of the respective countries involved. ArcelorMittal currently employs over 326,000 people in more than 60 countries.