Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
In February, ArcelorMittal announced a restructuring plan at its two sites of Rodange and Schifflange resulting in 262 job losses.
Specialized in the production of materials for construction, both sites showed large deficits in 2009 and 2010 due to low demand. After four month of negotiation between unions, management and government, an agreement was finally adopted by the parties, on June 16th 2011.The workforce of the two plants will be reduced from 888 to 626 employees without forced dismissals. "It is not in the tradition of Luxembourg model of redundancy", said yesterday, the Labour Minister Nicolas Schmit. 132 employees will be transferred to three other plants (Esch-Belval, Differdange, Luxembourg-Dommeldange). The other 130 will be assigned to the "redeployment unit", where the vast majority will be assigned to work on activities which were previously outsourced.
Their current salary will be maintained. ArcelorMittal is committed to investing an extra 7.75 million euros in the two sites.
Eurofound (2011), ArcelorMittal, Internal restructuring in Luxembourg, factsheet number 72146, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72146.
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