Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.52 - Casting of steel
Planned Job Reductions min:
Planned Job Reductions max:
Type of Restructuring:
Foreseen End Date:
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.