Overview

• About 700 people rallied on September 4 in Hagondange to support Novasco employees and demand state guarantees against closure.
• The Strasbourg commercial court placed the steelmaker in judicial reorganisation in mid-August and will decide its future on September 25 after a takeover-bid timetable set by the court.
• Union representative Yann Amadoro says no buyer has come forward for the Hagondange site and calls for more time to secure a solution.
• The 2024 rescue envisioned €85 million from the state and €90 million from Greybull Capital, but unions report Greybull has injected only €1.5 million while the state has largely met its commitments.
• Roughly 740 jobs are at stake across four sites, with Hagondange seen as most exposed after a planned ‘voie lingot’ investment stalled, even as Leffrinckoucke’s mill restart advances; the company also endured a November accident that injured three and halted activity for seven weeks amid a weak auto market.