Luxembourg Confederation of Christian Trade Unions (LCGB) questions the future of the Luxembourg steel industry.
The Arcelor-Mittal sites in Belval and Differdange are to be analysed by management, which has led to concerns over the future, said Robert Fornieri on behalf of the LCGB. The trade union was said to be unsettled by the expected plans.
The sheet piling produced in Belval is currently facing extreme competition from China and Emirates Steel, despite being the flagship product of the Luxembourg steel industry. The union said this was because Arcelor-Mittal had not invested enough in the production which was now outdated, and the same was valid for Differdange as well.
Arcelor-Mittal launched a transformation plan in conjunction with consultants Mc Kingsey at the end of February, which is set to analyse the business model, investments, digitization and costs among others.
The trade union therefore requested a steel tripartite meeting with the relevant ministers to discuss the evolution of the steel industry, also requesting a conciliation on 1 April.