Overview

• ArcelorMittal announced approximately 600 job cuts across seven sites in northern France, affecting both production and support roles.
• Between 1,250 and 1,400 European support positions will be relocated to India or Poland as part of cost-saving measures.
• Unions, including CGT and CFDT, have condemned the decision as destabilizing and are organizing protests and crisis meetings in response.
• Despite receiving €300 million in state aid in 2023 and an €850 million pledge for Dunkerque decarbonization, the company has suspended investments citing competitive challenges.
• The European steel sector faces a 25% demand drop over five years, compounded by high energy costs and international competition, driving ArcelorMittal's restructuring efforts.