EMCC European Monitoring Centre on Change

Industeel

Company/Organisation:
Industeel

Geographic Location

Country: France
Region: Bourgogne; Bassin Parisien
Location of affected unit(s): Creusot (Saône-et-Loire)

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
Number Employed: 826
Group: Arcelor

Employment Effects

Announcement Date: 12-09-2003
Planned Job Reductions min: 180
Planned Job Reductions max: 180
Type of Restructuring: Internal restructuring

Additional Information

Industeel, subsidiary of Arcelor, announced a restructuring plan affecting 180 workers on a total of 826. Yet in December 2001, Industeel dismissed 177 workers. The measure is due to improve the efficiency of the company, with the objective of having positive results by 2006.