'Arcelormittal could cut 10,000 jobs'
ArcelorMittal, the world's biggest steelmaker, could cut 10,000 jobs worldwide next year to boost productivity and reduce general expenses by around $500 million, French newspaper 'Les Echos' said on Monday.
ArcelorMittal plans to shut facilities at its site in Liege, Belgium, with the likely loss of around 1,300 jobs, due to a weakening of demand for steel in Europe.