RTL Today - Steel jobs plan: Mandatory redundancies avoided at ArcelorMittal

RTL|Update: 15.12.2020 15:03
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Following a meeting of the tripartite, the Luxembourg government, the management of ArcelorMittal, and the representatives of the trade unions were able to reach an agreement. There will be no mandatory redundancies at ArcelorMittal.
The Independent Luxembourg Trade Union Confederation (OGBL) announced that the final agreement, which would ratify a job guarantee for ArcelorMittal employees as well as the maintenance of the steel sites and structures in Luxembourg for a period of five years (2021-2025), was to be drawn up at the beginning of next year.
The trade union pointed out that this tripartite agreement was the direct consequence of the decision of ArcelorMittal's management to proceed with a savings project aimed at improving the profitability of the company, behind which was however hidden a restructuring plan resulting in a 15 percent reduction in the workforce.

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