ArcelorMittal continues the program of temporary layoffs in Spain

Spanish unions have reached an agreement with global steel company ArcelorMittal to extend the temporary employment regulation scheme (ERTE) for workers in steel units and commercial centers for another three months. Kallanish reports about it.

The company is implementing a temporary layoff scheme following a fire that occurred at the Blast Furnace A plant in Gijon, Spain, in March 2023. The extension of the ERTE is also a consequence of the slowdown in steel demand.

“Slowing demand and deteriorating market outlook in the fourth quarter of 2023 and 2024 forced ArcelorMittal to extend the temporary layoff scheme. The ERTE will apply to 7,000 employees of the company in Spain. The company guarantees 90% of the salary of the affected workers, keeping 100% of the payments and the full amount during the vacation,» the union comments.

As GMK Center reported earlier, in June 2023 ArcelorMittal officially appealed to the government of Spain with a request to allocate €450 million to support its decarbonization projects in the country. Co-financing is part of the national recovery, transformation and resilience plan.

Also, ArcelorMittal Europe, the European division of one of the largest steel producers in the world, in the first half of 2023 reduced production of steel by 13.1% compared to the same period in 2022 – to 14.72 million tons. Steel shipments for January-June decreased by 7.8% y/y – to 15.03 million tons.

  • Companies

Atlas Holdings to acquire Evraz North America with assets in the US and Canada

Investment company Atlas Holdings has signed a definitive agreement to acquire Evraz Inc. NA and…

Monday June 30, 2025
  • Industry

Ukraine increased pig iron exports by 35.1% m/m in May

In May 2025, Ukrainian steel enterprises exported 162.36 thousand tons of commercial pig iron, which…

Monday June 30, 2025
  • Infrastructure

German LEAG suspends energy project using green hydrogen

German energy company LEAG, the country's second-largest electricity supplier, is suspending its 110 MW hydrogen…

Monday June 30, 2025
  • Global Market

Austria increased steel production by 12.2% m/m in May

In May 2025, Austrian steel companies increased steel production by 12.2% compared to the previous…

Monday June 30, 2025
  • State

The FEU calls on the government to set a more realistic climate target

The Federation of Employers of Ukraine (FEU) has called on the Ministry of Environmental Protection…

Monday June 30, 2025
  • Industry

Consumption of steel products in Ukraine rose to 1.56 million tons in January-May

In January-May 2025, Ukraine increased its consumption of steel products (rolled products and semi-finished products)…

Monday June 30, 2025