Business in Benelux » Steel & Mining http://business.beneluxguide.com Doing business in Belgium, Netherlands and Luxembourg Fri, 06 Nov 2009 12:56:33 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Arcelor-Mittal Steel Giant Closing in Belgium http://business.beneluxguide.com/company-news/arcelor-mittal-steel-giant-closing-in-belgium/ http://business.beneluxguide.com/company-news/arcelor-mittal-steel-giant-closing-in-belgium/#comments Tue, 14 Apr 2009 07:44:32 +0000 Benelux Business http://business.beneluxguide.com/?p=31 BRUSSELS: Steel giant Arcelor-Mittal is shutting down one of two furnaces in its Ghent plant in western Belgium. The closure will be temporary and the Arcelor-Mittal staff manager Guy Bontinck said that the Belgian workforce should not fear for their jobs.

Earlier Wednesday, Arcelor-Mittal announced a similar closure in Liege in eastern Belgium. The furnace shut-downs come as steel demand remains extremely low.

ArcelorMittal employs 5,600 workers in Ghent. In Liege, a number of temporary contracts will not be extended. A thousand workers are employed in the divisions affected in Liege.

The company management is looking at early retirement schemes for white collar workers, but insists that it will do everything it can to prevent sackings.

The might of the iron industry of Belgium once embodied in the spectacular landmark of Brussels, the Atomium monument, has been going through difficult days amid the world financial crises which errupted in early autumn 2008.

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