Skip to content
Search

Latest Stories

Submit Guest Post

French unions urge nationalisation of ArcelorMittal amid job cuts

Protesters slam company for offshoring support roles

French unions urge nationalisation of ArcelorMittal amid job cuts

Steelworkers protest outside ArcelorMittal headquarters in Saint Denis on Tuesday

UNIONS in France fighting to save 600 jobs at ArcelorMittal operations have called on the government on Tuesday (13) to take control of the sites, following Britain’s example with British Steel.

CGT union chief Sophie Binet told hundreds of workers protesting outside the company’s French offices that she would raise the matter directly with president Emmanuel Macron.


“I will deliver to him the CGT proposals to nationalise” the group’s French operations, she told the protesting workers.

Macron later on Tuesday was to debate a range of high-profile figures on television, including Binet, as he sets out plans for the final two years of his term.

ArcelorMittal announced plans last month to cut 600 jobs across the seven sites it has in France, from a total workforce in the country of around 7,100 people. It is in the process of negotiating the job reductions with unions.

The group – the second-biggest steelmaker in the world, formed from a merger of India’s Mittal Steel with European company Arcelor – has warned of industry “uncertainty” after the US imposed 25-per cent tariffs on steel and aluminium imports.

Yet the group in April posted a quarterly group net profit of $805 million (£605.2m). To shave costs, it is shifting some support jobs from Europe to India, and last year it suspended a $2 billion (£1.5bn) decarbonisation investment in France.

Lakshmi Mittal

French unions believe Macron’s government can follow the lead of its British counterpart, which last month passed a law allowing it to take control of ailing British Steel.

Italy last year also ousted ArcelorMittal as owner of its debt-ridden ex-Ilva plant, accusing the company of failing to prop up the operation after buying control in 2018. “The Italians have done it, the British have done it... so why aren’t we French able to also do it?” asked a regional CGT head, Gaetan Lecocq.

“Mittal should get out, should leave – we don’t need him,” Lococq said of Lakshmi Mittal, ArcelorMittal’s executive chairman and one of India’s richest men.

CGT chief Binard also took up a slogan chanted by the protesters, yelling: “Metal without Mittal!”

A lawmaker with the hard-left France Unbowed party, Aurelie Trouve, has put forward a bill for the nationalisation of ArcelorMittal in France.

Trouve said the company “has clearly been organising the offshoring of production for years, and now we are faced with an emergency”.

Add EasternEye As Your Trusted Source
preferred source on google news

More For You

Mahesh Babu enters gaming industry as investor in Indian PC and console studio

The investment marks the actor's move into India's growing gaming sector

X/ shortgungames

Mahesh Babu enters gaming industry as investor in Indian PC and console studio

Highlights

  • Mahesh Babu has become a strategic investor in Mumbai-based Shortgun Games.
  • The studio is developing original PC and console titles, including a big-budget action-adventure game called Project Takedown.
  • The investment marks the actor's move into India's growing gaming sector, with the studio targeting international audiences.

Telugu superstar Mahesh Babu is expanding his interests beyond cinema by investing in an Indian video game studio focused on developing titles for PC and consoles.

The actor has joined Mumbai-based Shortgun Games as a strategic investor. Founded by Jeet Chandan and Vidhit Mehta, the studio is working on original games designed for PC, PlayStation 5 and Xbox Series X|S.

Keep ReadingShow less