India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
ArcelorMittal Belgium has completed the information and consultation phase linked to its proposed closure of tailored blanks operations in Ghent, moving the process to its final stage: a decision by the company’s board of directors.
The specialised unit—serving automotive applications—has faced sustained financial pressure amid weaker European auto production, with the company pointing to persistent losses as a key factor behind the planned shutdown.
During consultations, employee questions, suggestions, and counterproposals were reviewed with social partners. In parallel, a social plan was developed that includes a full employment guarantee within ArcelorMittal Belgium for employees who want to stay with the company, while maintaining remuneration elements. It also offers a voluntary departure option with financial compensation for those choosing to exit.ArcelorMittal Tailored Blanks Ghent currently employs 90 people, and the social plan was approved by 71.11% of impacted employees on February 20, 2026.
Also Read : Germany subsidises hydrogen-ready gas plants for green energy push Ukraine’s Steel Consumption Up 13% in First Half of 2025