By Admin 
Layoffs in Arcelromittal: Arcelor Mittal, the world’s second largest steel manufacturing company, is planning to run scissors on about six hundred jobs in France. This can happen due to the crisis in the European steel sector. The company is currently facing a tremendous crisis.
According to the AFP report, Layoffs may affect seven sites of Arcelor Mittal Company in North France, in which around 7100 people work. In fact, due to American tariffs, the European steel industry is under considerable pressure at this time because a tariff of 25 percent has been imposed on it. This is the reason why this industry is hovering after a crisis and Arcelor Mittal is considering cut in jobs.
Sorting in Arcelor Mittal’s company
According to the report, Lakshmi Mittal of Indian origin in this company and his family have 39.87 percent ownership. While 56.20 percent of the shareholders hold the stake. Arcelormittar Sa is a multinational company in Luxembourg, European. Lakshmi Mittal is an executive Chermen in this company and Arcelor Mittal was formed in the year 2007. In which the Arcelor was acquired about $ 33 billion.
According to the information given on the website of the Arcelor Company, till December 2024, the company had 1,25,416 employees and the company earned $ 62.24 billion in 2024.
It is worth noting that earlier there were reports that Google is also planning to lay off here, in which there was news of a plan to remove people from different units. However, Gagal has not officially said anything about any kind of pruning in India.
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