International - India & World   

ArcelorMittal’s assurance

London: ArcelorMittal, the world’s largest steelmaker run by the India-born billionaire Lakshmi N Mittal, on Tuesday assured the French government that every employee in its plant in the country would be offered a “solution” against possible job losses from its proposed shutdown.

“ArcelorMittal is committed to steel making in France and will offer a solution to every employee in its wire rod operation at Gandrange in Lorraine in eastern France,” a company spokesman told PTI here.

The government summoned Mr. Mittal to seek an assurance against job losses and he was scheduled to meet President Nicolas Sarkozy this week.

On January 16, ArcelorMittal announced its plan to close the Gandrange plant by early next year. The plant has an annual production of 9,00,000 tonnes and the closure is estimated to affect 600 workers. The company said it had initiated information and consultation of personnel representatives on a reorganisation project for its wire rod operations in Gandrange and in other European locations. — PTI

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Naval-aerial war games
Nepal police posts attacked
Musharraf rules out Islamist takeover of Pakistan
Rajapaksa wants India to help resolve ethnic conflict
Hindraf petitions Malaysian Premier for “justice”
ArcelorMittal’s assurance
I don’t want to go to India just for an afternoon: Carla

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu