Type
Internal restructuring
Country
Luxembourg
Region
Location of affected unit(s)
Sector
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

1,000 jobs
Number of planned job losses
Job loss
Announcement Date
10 April 2004
Employment effect (start)
Foreseen end date
31 December 2007

Description

Arcelor, iron and steel European group, has announced 1,000 redundancies in Luxembourg, out of its 7,500 strong workforce in the region. There will be no direct dismissal: they will resort to natural leaves, pre-retirements and outplacements.


Sources

  • 10 April 2004: Les Echos

Citation

Eurofound (2004), Arcelor, Internal restructuring in Luxembourg, factsheet number 60309, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60309.