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ArcelorMittal in Talks to Furlough Spanish Steelworkers

  • Firm met with unions on filing of a plan with government
  • Europe’s energy crisis has forced steelmakers to idle capacity

Steelmaker ArcelorMittal SA is in talks to furlough part of its Spanish workforce as Europe’s energy crisis hobbles demand.

Europe’s biggest steelmaker met with unions in Spain to discuss filing a temporary layoff plan with the government, a spokesperson said in a statement. It’s a result of weak demand and imports from countries outside the European Union, which has already forced the firm to idle a blast furnace in the south of the country.