300 flights are planned to ArcelorMittal Luxembourg
ArcelorMittal is reducing its workforce in Luxembourg: the Lux2029 agreement, signed on Friday, March 20, provides for the dismissal of up to 300 people due to difficulties in the industry.
On Friday, March 20, the government announced in a press release the signing of a new agreement "Lux2029" between the state, ArcelorMittal and the LCGB and OGBL trade unions after negotiations that began on October 1, 2025. The text approves the reduction of the workforce in Luxembourg: currently, about 300 positions are considered redundant to meet the needs of the group.
To fill this gap, "measures will be taken for early retirement, partial unemployment, voluntary dismissal, internal transfers and natural dismissal," the government said in a press release, which also mentions the creation of an employment unit to support relevant employees.
This reorganization is taking place in difficult conditions for the European steel industry, which is faced with rising prices for raw materials, competition from cheap imports and an uncertain geopolitical environment. In this context, ArcelorMittal intends to "adjust its internal organization and fixed cost structure" in order to increase its competitiveness and ensure the safety of its operations in Luxembourg.
The agreement was signed by the Minister of Labor, Mark Spaut (CSV), the Minister of Economy, Lex Delles (DP), the Minister of Finance, Gilles Roth (CSV), as well as the leadership of ArcelorMittal and social partners.
.Parallel investments
In turn, the group plans an investment program in the amount of 290.5 million to 334.5 million euros for the period 2026-2029, including 44 million euros for the maintenance of facilities. The stated goal is to support the development of facilities in Luxembourg and ensure their long-term viability.
A number of projects were mentioned, in particular those related to the digitalization of production and administrative activities, with the planned establishment of a center of excellence in cybersecurity to support the group's global operations. Cooperation with academic and research institutions in the field of advanced technologies is also planned.
In addition, the possibility of creating a "Maintenance Academy" is being explored. This training center will be aimed at improving the skills of industrial maintenance specialists and building bridges between education, industry and employment.
ArcelorMittal finally confirms that it will maintain its headquarters in Luxembourg, as well as continue construction of a new building.
Author: Hugo Hirsch
Paperjam.lu