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 24.52 - Casting of steel
1,600 jobs Number of planned job losses
Announcement Date
10 December 2007
Employment effect (start)
Foreseen end date
31 December 2007
Description
ArcelorMittal, the largest metal smelting group in Poland (accounting for some 70% of the country’s aggregate steel output), has announced the cut of 1600 jobs by the end of 2007. This internal restructuring is in line with the business plan negotiated with the European Commission before the privatisation of the steel mills now owned by ArcelorMittal. The company currently employs 12,000 workers and its steel production facilities are located in Dąbrowa Górnicza, Sosnowiec, Świętochłowice, and Cracow. The job losses will take place in these plants.
Sources
10 December 2007: Puls Biznesu
Citation
Eurofound (2007), Arcelor Mittal, Internal restructuring in Poland, factsheet number 66100, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66100.
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