Lost jobs but steady output as ArcelorMittal 'transforms' Luxembourg long steel sites

ArcelorMittal, the world’s largest steelmaker, is developing a transformation plan for its Belval and Differdange long steel sites in Luxembourg, a company spokeswoman told Fastmarkets in the week beginning Monday June 10.

The plan will affect the sales and maintenance departments, Luxembourg labor minister Dan Kersch told a parliamentary committee in the country last week. “The project does not involve any plant closures or shutdowns and does not consider downsizing as a central fulcrum. This transformation project is part of a logic of accompanying economic, commercial, technical and technological developments,” the ArcelorMittal spokeswoman said. “This comprehensive transformation project is designed to strengthen the sites’ long-term competitiveness and profitability, with a focus on cost-revenue improvements, as well as investments to improve processes and...

Published

Ben Matthews

June 12, 2019

18:00 GMT

London