Overview
- ArcelorMittal has announced plans to cut 636 jobs across seven northern French sites, with two-thirds of production roles being relocated to India and Poland.
- The company has suspended its €1.8 billion decarbonization project at Dunkerque, citing high European electricity costs and broader competitiveness challenges.
- Union-led protests are underway in Paris, with workers from Dunkerque, Florange, Fos-sur-Mer, and other sites demanding a halt to the job cuts.
- Former economy ministers Arnaud Montebourg and Bruno Le Maire are advocating for the potential nationalization of ArcelorMittal’s French operations to safeguard jobs and industrial sovereignty.
- ArcelorMittal is pressuring the European Commission to expedite the EU steel plan to address energy costs and restore competitiveness in the European steel industry.