The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.1 - Manufacture of basic iron and steel and of ferro-alloys
5,000 jobs Number of planned job losses
Announcement Date
24 January 2003
Employment effect (start)
1 January 2004
Foreseen end date
1 December 2010
Description
Arcelor, the worlwide steel leader, announced a European restructuring plan affecting 6 blast furnaces in 4 units untill 2010. The French unit (Florange, Moselle) will be affected the closure of 2 blast furnaces, the belgian unit (Liège) will be affected by the closure of 2 blast furnaces and two german units (Eisenhuettenstadt and Brême) will be affected, each, by the closure of one blast furnace.
Arcelor was born by the merger between the Spanish group Aceralia, the French group Usinor and the Luxembourg group Arbed.
The restructuring plan is the result of studies that shows an overcapacity of production for Arcelor and a better competitiveness of other units such as Fos and Dunkerque (France), Aviles (Spain) and Anvers (Belgium).
The restructuring plan will not only affect 5000 jobs on the blast furnaces but also subcontractors and other linked companies and workers in the regions.
Sources
Citation
Eurofound (2003), Arcelor, Internal restructuring in European Union, factsheet number 59125, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59125.
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