EMCC European Monitoring Centre on Change

Mittal Steel

Mittal Steel

Geographic Location

Country: World


Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.52 - Casting of steel
Number Employed: 224000

Employment Effects

Announcement Date: 15-06-2006
Planned Job Reductions min: 26000
Planned Job Reductions max: 26000
Type of Restructuring: Merger/Acquisition
Foreseen End Date: 31-12-2008

Additional Information

Mittal Steel, the world´s largest and most global steel company with 224,000 workers in 16 coutries, has announced the workforce reduction of around 26,000 employees through 2008. The announcement about job cuts aimed to diminish the resistance of Arcelor to be purchased by Mittal Steel. On 26 June 2006 the merger between Mittal Steel and Arcelor was announced. The company Arcelor Mittal with 350,000 employees becomes the clear world leader in the steel industry.