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 Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
150 jobs Number of planned job losses
Announcement Date
17 March 2009
Employment effect (start)
1 April 2009
Foreseen end date
31 December 2009
Description
ArcelorMittal is to stop the activities at its site "la decaperie de la Praye," specialised in the stripping of stainless carbon, employing 150 people in Châtelet. The stripping site, which was already suspended and its employees temporarily unemployed, will temporarily stop all these activities for at least two years. However, the management did not forecast any direct dismissals. 38 workers could leave the company thanks to early retirement, 10 could leave voluntary the company while the others should be placed on other sites. ArcelorMittal is facing an important decrease in demand and is severely indebted. The trade unions are pessimistic concerning a re-launch of the site when the demand will increase.
Sources
19 March 2009: Le Soir
19 March 2009: La Libre Belgique
Citation
Eurofound (2009), ArcelorMittal, Internal restructuring in Belgium, factsheet number 68604, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68604.
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