Internal restructuring
Location of affected unit(s)
Madrid, Asturias, Valencia, Bizkaia, Gipuzkoa, Navarre and Zaragoza
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.10 - Manufacture Of Basic Iron And Steel And Of Ferro-Alloys

440 jobs
Number of planned job losses
Job loss
Announcement Date
30 November 2023
Employment effect (start)
1 January 2024
Foreseen end date


ArcelorMittal España, a steel manufacturer, has proposed the dismissal of 440 employees in Spain by means of an agreed employment redundancy file (ERE).

Specifically, the company has proposed the dismissal of 440 of its employees in Spain born between 1962 and 1963, without applying the relief contract. Until now, the relief contract, in force for twenty years, allowed the early retirement of staff aged 61 and the entry of temporary workers to fill their posts and maintain the workforce.

The company has linked this decision to the investments it will have to make in order to start up the hybrid electric furnace in Gijón, linked to its decarbonisation process. Meanwhile, the reaction of the trade union representatives has been of total rejection of the initiative, assessing the number of redundancies proposed as "disproportionate".



Eurofound (2023), ArcelorMittal España, Internal restructuring in Spain, factsheet number 200574, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200574.