ArcelorMittal Axed 570 Jobs At Luxembourg Steel Facilities

SEATTLE (Scrap Monster): Luxembourg-based integrated steelmaker ArcelorMittal announced its decision to go ahead with job cuts of nearly 570 in the country, out of the total workforce of over 3,600 people in Luxembourg. The company blamed pandemic impacts for the action.

As per report, the initial round of talks between the company management, union representatives and government authorities took place last Monday. Further rounds of negotiations are expected. The company announced that almost half of the 570 employees will be eliminated through redundancy schemes, including early pensions.

Meantime, Labour Minister Dan Kersch declared that the government is extremely disappointed with the company’s decision to lay off employees in large numbers. He reminded that Luxembourg has invested huge sums of money in the company over the years. He expressed the hope that all of the company’s sites in the country will continue to remain open.

Roland Bastian, Director, ArcelorMittal clarified that the layoffs are part of restructuring operations. The company will continue with the previously announced investments and no Luxembourg sites will be shut, he added.

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