Thursday 24 April 2014
Advertise  |  Subscribe  |  Register  | 

Close

About cookies: we use cookies to support features like login and sharing articles. Keep cookies enabled to enjoy the full site experience. By browsing our site with cookies enabled, you are agreeing to their use. Review our cookies information for more details.

Steelmaker agreesto suspend job cuts

By Ian Wishart  -  21.02.2013 / 05:48 CET
ArcelorMittal agrees to wait for Commission's action plan for the steel industry.
ArcelorMittal, the multinational steelmaker based in Luxembourg, has agreed to suspend plans for hundreds of job cuts. The announcement followed talks between Lakshmi Mittal, the company's chief executive, and Antonio Tajani, the European commissioner for industry and entrepreneurship.

Tajani urged the company to wait until the Commission published its action plan for the steel industry, scheduled for June, before deciding on how it would restructure its sites at Liège, in Belgium, and Florange, in France, which employ about 3,000 staff. ArcelorMittal had announced plans to reduce the capacity of the two plants and cut hundreds of jobs, prompting widespread protests. Tajani said that Mittal had assured him that neither site would close completely and that any workers affected by the reduction in capacity could be transferred to other sites in the same group.

In a statement issued on Tuesday evening (19 February), Tajani said that ArcelorMittal's agreement to suspend restructuring plans until June was “a step in the right direction”.

A spokesman for Tajani said yesterday that the commissioner was “appealing to member states, European industry and trades unions to work together with the Commission to produce an ambitious plan for June and give the steel industry a chance”.
© 2014 European Voice. All rights reserved.
Varrow

Most viewed in Business

Environmentally-concerned businesses seek alliances You need an active subscription to read this article

Businesses given must-have goals for 2020.

newspalmoil0304.jpg

Parliament likely to back 'made in labels' You need an active subscription to read this article

Wider product safety reforms are being held up by north-south divisions over country-of-origin rules.

Shopping_trolley(R)

Moderate growth in eurozone industrial production You need an active subscription to read this article

Factory output is growing at a faster pace in non-eurozone member states.

merc factory r copy

Related articles

Factory output is growing at a faster pace in non-eurozone member states.

Wider product safety reforms are being held up by north-south divisions over country-of-origin rules.

Businesses given must-have goals for 2020.

Call for European importers to disclose where they obtain their stocks, but no obligation.

Tajani to unveil industrial policy proposals.

Advertisement

Comments

 

Your comment
Please note: The fields followed by an asterisk (*) are obligatory fields

Comment*

Name*
E-mail*
Website

Please, copy the code on the left into the box on the right

 I accept the Terms & conditions
 I would like to share my e-mail & website

Advertisement

Cookies info | Privacy policy | Terms & conditions