Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 267

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 267
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 as well as a dss+ lead “Area of Transformation” program continued to be rolled out in 2024 in order to support the “Journey to Zero” program aimed at reducing the amount of injuries and fatalities in the Company to zero. See “Business overview—Sustainable development—Health and Safety". In 2024, several entities and countries engaged in entering or renewal of CLAs. In North America, employees at various sites continue to work under collective agreements that remain valid. In May 2024, the Company's steel plant in Lazaro Cardenas, Mexico and mine located in Tenecia La Mira in the Mexican state of Michoacán was impacted by an illegal blockade by a group of workers due to their dissatisfaction with the distribution of profit sharing by the Company. Ultimately, the Company approved a new

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settlement with unions with an agreement to end the strike in July 2024. In South America, inflation trends varied across different countries. Brazil experienced a deceleration in inflation, with collective bargaining agreements generally granting adjustments equivalent to the inflation rate. Argentina has been experiencing a high inflation rate since several years. The situation remained the same in 2024 and the negotiations for salary increase are still in progress. In Europe, four meetings were conducted in 2024 to inform the European Works Council ("EWC") representatives about the H&S and business performance and outlook regarding the Company's European operations. Throughout the year, three meetings with the Select Committee were held, alongside a Plenary Assembly in December 2024. Negotiations aiming to revise the EWC agreement are expected to finalize by the end of the first quarter of 2025. In France, a one-year salary agreement for 2024 was signed in December 2023, covering most legal entities. Negotiations for 2025 were conducted at most of the French sites at the end of 2024 and resulted in the payment of a premium. ArcelorMittal Méditerranée announced in July 2024 that it would continue to operate with only one of the two blast furnaces in the foreseeable future due to weak market conditions. Discussions with employee representatives in order to manage workforce adaptation started in 2024 and are still ongoing . All employees are covered by collective labor agreements. In Luxembourg, social elections were held on March 12, 2024 which led to the election of new staff representatives and deputies, with a new staff delegation replacing the previous one. In 2024, Germany continued to