Positions at both the industrial sites as well as within management are at risk. The steel enterprise noted that there were already economic issues prior to the pandemic, but that the situation had now worsened due to decreases in demand from the construction and automobile industries. 570 jobs are at risk of being cut, which represents about 15% of the company’s Luxembourgish workforce.
ArcelorMittal further conveyed that a “steel tripartite” might be a potential countermeasure to the problem. LCGB already made according demands:
