The labour ministry, the board of the OGBL trade union and the steelmaker ArcelorMittal signed a tripartite deal on Monday 18 September. The agreement runs through 2019.
According to RTL, ArcelorMittal group agreed to keep investing €30m a year in Luxembourg’s steel industry.
It was also announced that the steel giant will end the “reclassification” programme, where employees are meant to be redeployed to new positions internally as a stopgap measure against redundancy. However, the scheme will remain in place for the approximately 200 people in the programme who haven’t yet been reassigned, as L’essential reported on 18 September.
The firm will also modify its early retirement scheme.
In addition, the group wants to partner up with Adem, the jobs agency, to look for job placements in the steel industry. 15 apprenticeship positions will be offered with the aim of hiring trained apprentices after a period of 3 years.
ArcelorMittal had 4,160 employees in the grand duchy as of 1 January 2017, according to Statec, the national statistics office, making it the country’s fifth largest employer.