US EditionArcelorMittal to Reassign 300 Employees Amid Restructuring
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On Friday, ArcelorMittal signed a new strategic agreement called "LUX2029", alongside the government and the social partners. The reduction of the workforce will take place without a dry layoff. In tension for some time, ArcelorMittal has been trying to secure its future by means of a new agreement called "LUX2029". This agreement was signed this Friday, at the end of ...
In the face of the turbulence in the European steel industry, the Luxembourg state, the trade unions and ArcelorMittal signed a new tripartite agreement "LUX2029". However, about 300 "surplus" jobs, including early retirement and voluntary departures.
"LUX2029" is to secure the future of the steel industry in Luxembourg, but about 300 jobs are to be "socially compatible".
Agreement with Social Partners: Arcelormittal Will Not Lay Off Anyone, but Positions Will Be Reduced
Despite the reduction of around 300 jobs, the steel company ArcelorMittal, together with the social partners, emphasized that there will be no layoffs and that the future of the steel industry in Luxembourg remains secure.
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