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.
France, Poland, Belgium, Spain, Germany, Italy, UK
Sector
Manufacturing Manufacture of metals Manufacture of basic metals 24.1 - Manufacture of basic iron and steel and of ferro-alloys
New offshoring locations
India
1,250 - 1,400 jobs Number of planned job losses
Announcement Date
23 April 2025
Employment effect (start)
23 April 2025
Foreseen end date
Description
ArcelorMittal, a global steel producer, has announced that it will relocate up to 1,400 jobs from Europe to India.
The company plans to relocate between 1,250 and 1,400 jobs in support functions such as marketing, commercial, HR, financial services, order management, supply chain, and IT services from Europe to India. The programme will affect entities in France, Poland, Belgium, Spain, Germany, Italy, and the UK.
Additionally, the company is to cut about 600 jobs at its production sites across France. AlcerolMittal 2025-FR
The restructuring programme is taking place amid a deepening crisis in the European steel industry, marked by a 20% drop in demand over five years and increasing steel imports. ArcelorMittal has also suspended its planned €1.8 billion decarbonization investment in Dunkerque, despite previously securing €850 million in state aid. Globally, the company is heavily investing in India and Brazil, shifting its strategic focus away from Europe.
AlcerolMittal employs over 125,000 people worldwide.
Eurofound (2025), ArcelorMittal, Offshoring/Delocalisation in World, factsheet number 202726, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202726.
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