Overview

• The PS parliamentary group has filed a draft law to place ArcelorMittal’s Dunkerque plant under state guardianship to safeguard jobs and secure a buyer or investors.
• ArcelorMittal plans to cut 636 jobs in France and relocate 1,400 support roles to India, prompting widespread criticism and protests.
• The proposed law would require the company to maintain operations and jobs, even at a loss, while exploring options for partial or full nationalization.
• Future public aid to ArcelorMittal would be tied to operational commitments, with penalties including conversion of aid into double voting rights for the state if terms are breached.
• Left-wing leaders and union representatives demonstrated in Dunkerque on May 1, calling for customs protections against Chinese steel imports and stronger state intervention in the steel sector.