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ArcelorMittal Abandons Automotive Assets Amid Atrophy
ArcelorMittal completes consultation procedures for shutting down its Tailored Blanks facility in Ghent, Belgium, affecting 90 workers. The company negotiated a comprehensive social plan guaranteeing alternative employment within ArcelorMittal Belgium under existing pay conditions plus voluntary exit programs. Over 71% of affected workers voted to accept the package, acknowledging years of accumulated losses from declining automotive sector volumes that reduced demand for laser-welded blanks.
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