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ArcelorMittal to cut 600 jobs in France amid European steel crisis.
Rising costs, low demand, and import competition behind the move.
Industry and labor unions call for urgent market support measures.
In a fresh blow to Europe’s struggling steel industry, global steelmaker ArcelorMittal has announced plans to cut 600 jobs in France as part of its restructuring strategy amid the escalating steel market crisis in the region. The layoffs will primarily affect the company’s long product operations in northern and eastern France, where weakening demand and soaring energy costs have severely impacted profitability.
ArcelorMittal cited the ongoing steel demand slowdown, rising production expenses, and increasing competition from cheaper imports as key reasons for this workforce reduction. The company emphasized that the move is essential to safeguard the long-term sustainability of its French operations.
Industry observers note that the European steel market has been under mounting pressure since last year, with a combination of low construction activity, inflationary trends, and energy volatility driving several producers to either curb production or announce job cuts. ArcelorMittal’s decision follows similar measures by other regional players grappling with the crisis.
French labor unions have expressed strong opposition to the layoffs, demanding government intervention and alternative solutions to protect employment in the region’s vital steel sector.
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