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ArcelorMittal Ostrava to Offer Voluntary Departure to Employees

12/08/2011 - ArcelorMittal Ostrava says it will not give any notices to its employees, despite the European steel industry’s struggles with overproduction against low demand. Rather, the company is going to offer “generous conditions” to those who decide to leave by themselves.

ArcelorMittal Ostrava says it will not give any notices to its employees, despite the European steel industry’s struggles with overproduction against low demand. Rather, the company is going to offer “generous conditions” to those who decide to leave by themselves.
 
"Only the most efficient plants—i.e., those which will be able to compete with the lowest prices and best services provided to their customers even when the demand for steel keeps falling in Europe—will be able to survive in the long term. ArcelorMittal Ostrava needs to improve its productivity significantly to remain competitive also in this demanding period," said Tapas Rajderkar, the CEO of ArcelorMittal Ostrava.
  
"The offer of voluntary departure with 11 up to 24 pays is available to several hundreds of employees of the total number of more than six-thousand employees. The offer concerns not only the employees, who work for our company, but also for subsidiary companies," added Jan Rafaj, the Human Resources and Public Affairs Director of ArcelorMittal Ostrava.
 
In addition to the extra severance pay, the departing employees also will be provided with the services of the company's Aid Centre, which works to solve the needs of departing employees on the whole. Within the information center, the employees can get information on registration in the employment bureau and availability of retraining programs. The career advisory center can provide its assistance when drawing up curriculum vitae, advise on preparation for a recruiting interview, and guide an interested person how and where to look for a job as efficiently as possible. Two other centers focus on psychological aid in a demanding situation and on retirement consultancy.
 
Despite the economic situation in the steel market, ArcelorMittal confirmed its intention to continue investing in modernization and “ecologization” of its production. Since the privatization of the company in 2003, ArcelorMittal has invested CZK 3.6 billion to ecology in Ostrava and met its liability from the privatization contract two years earlier.
 
The largest investments include the filter for CZK 1 billion, installed this October in North Agglomeration, reducing emissions of dust into the air; and modernization of the coke-oven battery for CZK 444 million in 2006.
 
ArcelorMittal Ostrava a.s. is the largest metallurgical company in the Czech Republic and is part of the ArcelorMittal Group, the largest metallurgical company in the world. The annual manufacturing capacity of the company is 3.6 million tonnes of steel; it exports roughly 50% of its production to more than 50 countries.