Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 268

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 268
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 experience high energy prices, impacting costs and market conditions negatively, despite low inflation. A one-off payment was made to all employees under previous collective bargaining agreements. In 2024, at ArcelorMittal Poland, a successful negotiation of the CLA was achieved with trade unions. The management also invited trade union representatives to the Supervisory Board, promoting transparency and inclusive decision-making. About 99% of employees are covered by the CLA, with only top executives excluded. In Spain, a temporary layoff plan was agreed upon in late 2023 due to market conditions and extended through 2024. A framework agreement for labor relations was signed with most unions in May 2023, and all local CLAs were finalized by mid-2024, covering about 80% of the workforce. Additionally, a layoff plan for employees born in 1962 was agreed in May 2024, to address the labor implications of decarbonization initiatives as per the Memorandum of Understanding between the Spanish government and ArcelorMittal. In 2024, the situation in Ukraine continued to be difficult in terms of personnel due to the war with Russia. The martial law imposed by the country's government since February 2022, which, among other things, limits the labor rights of employees and trade unions (such as the right to strike; the right to vacation, etc.) remains in force. In 2024, more than 3,000 of AMKR’s employees were mobilized and more than 220 died in the war or went missing in action. The facility continued to experience a significant outflow of personnel, mainly men, due to mobilization. As a consequence, it launched recruitment campaigns to attract women and young people. Despite operating at 30-50% of production capacity, AMKR maintained work positions and wages for its 18,000 workers avoiding layoffs. In South Africa, out of the 5,997 employees at AMSA, 4,182 employees (70% of the workforce) are covered by a CLA/ Bargaining council agreement concluded between management and the recognized trade unions i.e. NUMSA and Solidarity trade unions. The CLA will expire in March 2026. From April 2023 to March 2024, the agreement comprised a range of provisions encompassing a 6.5% remuneration adjustment for all employees within the bargaining unit. It further incorporated an ex-gratia premium, enhancements to the medical aid subsidy and a 6.5% increase in