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ArcelorMittal Restructuring Triggers French Steel Industry Turmoil

636 job cuts and relocation of 1,400 roles to India intensify protests and debates on nationalisation and industrial strategy.

Les salariés d'ArcelorMittal étaient en tête du cortège du 1er Mai à Dunkerque (Nord).
Image d’illustration.
Les ouvriers d'ArcelorMittal marchaient en tête du cortège du 1er Mai à Dunkerque.
Le 1er mai, dans le cortège de la manifestation de la fête du travail, à Dunkerque.

Overview

  • ArcelorMittal is moving forward with plans to cut 636 jobs across seven French plants and shift 1,400 support roles to India, citing competitiveness challenges.
  • The Dunkerque plant faces the heaviest impact with 295 job losses, while the €1.8 billion decarbonisation project remains stalled since November.
  • May 1 protests in Dunkerque gathered employees, unions, and left-wing leaders, with the Parti Socialiste proposing state tutelage for the site.
  • Industry Minister Marc Ferracci opposes nationalisation, advocating instead for investment protections and European steel competitiveness measures.
  • The restructuring highlights broader pressures on Europe's steel industry, including competition from Chinese and Indian producers and rising energy costs.