Skip to content
Search

Latest Stories

Submit Guest Post

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)

Add EasternEye As Your Trusted Source
preferred source on google news

More For You

Virgin Media

Virgin Media O2 chief executive Lutz Schüler has outlined a major restructuring as the company looks to reduce costs and tackle its debt burden

iStock

Virgin Media O2 plans thousands of job cuts in £800m cost-saving drive

  • Around £300m of the planned savings will come from reducing workforce costs by 30 per cent over the next two years, although the company has not confirmed the number of redundancies.
  • The group will increase its use of AI, reduce contractor spending and pause further full-fibre upgrades beyond existing commitments.
  • The restructuring comes as Virgin Media O2 faces a £22bn debt burden and continues to lose broadband and mobile customers.

Virgin Media O2 is planning a major restructuring that will reduce staff costs by 30 per cent as the UK telecoms group attempts to generate £800m in annual savings by 2029 and tackle its mounting debt.

The company, jointly owned by Liberty Global and Telefónica, said around £300m of the savings would come from reducing its workforce over the next two years. It has not disclosed the exact number of jobs at risk, but the majority of the reductions are expected to affect non-customer-facing roles.

Keep ReadingShow less