Skip to content
Search

Latest Stories

French unions urge government to takeover ArcelorMittal sites

The company announced plans last month to cut 600 jobs across the seven sites

French unions urge government to takeover ArcelorMittal sites

Trade unionists in front of Arcelor Mittal headquarters in Saint Denis in France on May 13, 2025. (Photo by DANIEL PERRON/Hans Lucas/AFP via Getty Images)

UNIONS in France fighting to save 600 jobs at ArcelorMittal operations in the country called for the government to take control of them, along the lines of what has happened to British Steel.

CGT union chief Sophie Binet promised hundreds of workers demonstrating outside ArcelorMittal's offices of its French subsidiary in France that she would press the issue with president Emmanuel Macron.


"I will deliver to him the CGT proposals to nationalise" the group's French operations, she told the protesting workers.

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 (£633m). To shave costs, it is shifting some support jobs from Europe to India, and last year it suspended a $2 billion (£1.57bn) decarbonisation investment in France.

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.

But a junior French minister for business, Veronique Louwagie, told parliament that "nationalisation is not a response in itself to the difficulties faced by the European steel industry".

She also said, however, that the government expected the company "to give what its mid-term strategy in France is".

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".

(AFP)

More For You

Modi-Getty

In his Independence Day address, Modi said the goods and services tax (GST) would be reformed and rates lowered by Diwali, which falls in October. (Photo: Getty Images)

Getty images

India to slash consumption tax by October after Modi’s reform push

INDIA’s government will reduce consumption tax rates by October, a top official said on Friday, hours after prime minister Narendra Modi announced reforms to support the economy amid trade tensions with the United States.

The federal government is planning a two-rate structure of 5 per cent and 18 per cent, removing the existing 12 per cent and 28 per cent slabs, the official told Reuters, requesting anonymity as the plans are still under discussion.

Keep ReadingShow less
Morrisons CEO joins Gol Gappay eating contest to mark South Asian Heritage Month

CEO of Morrisons Rami Baitiéh (centre) takes on the Heera Foods Gol Gappay challenge

Morrisons CEO joins Gol Gappay eating contest to mark South Asian Heritage Month

Morrisons chief executive Rami Baitiéh took part in a lively “Gol Gappay Challenge” at the supermarket’s Bradford headquarters on Tuesday, as part of celebrations for South Asian Heritage Month.

The event, hosted in the company’s central atrium, was led by Bradford-based Heera Foods, which served up its popular Gol Gappay – crispy puris filled with spiced chickpeas and tangy water – to staff and visitors.

Keep ReadingShow less
Mounjaro

When Mounjaro was launched in Britain, Lilly set a list price 'significantly below' that in its other three European markets to avoid delays in NHS availability. (Photo: Reuters)

Lilly to raise UK Mounjaro price by 170 per cent from September

ELI LILLY said on Thursday it will increase the UK list price of its weight-loss drug Mounjaro by up to 170 per cent. The price change comes as the White House urges drugmakers to raise prices in Europe to enable price cuts in the United States.

The new price, which also applies to Lilly's type 2 diabetes medicine sold under the same name, will take effect in September. A month's supply of the highest dose will rise from £122 to £330, the company said.

Keep ReadingShow less
UK business district

The Canary Wharf business district including global financial institutions in London. (Photo: Getty Images)

Getty Images

UK economy grows more than expected in April-June quarter

UK's economy grew more than expected in the second quarter, though at a slower pace than the first three months of 2025, as US tariffs and a higher UK business tax weighed on activity, official data showed on Thursday.

Gross domestic product rose 0.3 per cent in April-June, the Office for National Statistics (ONS) said, above analyst forecasts of 0.1 per cent growth. This followed a 0.7 per cent rise in the first quarter.

Keep ReadingShow less
Modi & Trump

Donald Trump and Narendra Modi shake hands as they attend a joint press conference at the White House on February 13, 2025. (Photo: Reuters)

India to continue US trade talks despite tariff hike to 50 per cent: Report

INDIA expects trade discussions with the United States to continue despite Washington raising tariffs on its exports to 50 per cent over New Delhi’s purchase of sanctioned Russian oil, two lawmakers said on Monday, citing a briefing to a parliamentary panel on foreign affairs.

Last week, US president Donald Trump imposed an additional 25 per cent tariff on Indian goods because of India’s continued purchase of Russian oil. This brought the total duty on Indian exports to 50 per cent, among the highest for any American trading partner.

Keep ReadingShow less