A Rugby Club Luxembourg player during the 8th annual J.P Morgan International U13s Tournament on Saturday Luxembourg and Irish teams pose for a joint photo former managing director of ArcelorMittal and Liberty Steel’s CEO for Europe will become president of Ascometal when it is taken over by British buyout firm Greybull Capital The company has a factory and a research center in Hagondange about 30 km south of the Luxembourg border and three other French machining and finishing sites Junck was briefly CEO of Luxembourg-based ArcelorMittal after the merger creating it in 2006. He advised Greybull in 2016 when it took over British Steel and a steel plant in Hayange which was considered a French strategic asset because it produced rails for France’s train system Junck then spent about a year beginning in 2020 as chief of European operations for Liberty Steel, which bought factories in Dudelange and four other countries from ArcelorMittal the previous year. French labour unions and others expressed their relief on Monday after the Commercial Court of Strasbourg validated Greybull’s takeover of Ascometal, AFP reported. “I welcome the deliberations made in favor of the Greybull solution for which we have worked hard,” outgoing Industry Minister Roland Lescure said in a statement. French officials offered Greybull a €45 million loan this year and further public support of €40 million in a form to be determined later to take over the operations, the Economy Ministry said. Quarterly profitsArcelorMittal sees rosier future as EU and US turn against Chinese dumpingLuxembourg-based steelmaker reports lower quarterly profits but better prospects Job cutsArcelorMittal to cut 600 jobs in FranceUp to 1,400 jobs in western Europe will be relocated to India or Poland Steel industryArcelorMittal South Africa CEO says IDC seeks a bigger stakeCEO declined to say whether the IDC plans to take control of the South African unit or assess whether it will seek other buyers for its assets or the company Steel industrySouth African lender weighs taking control of ArcelorMittal unitIndustrial Development Corp reportedly willing to inject more capital into struggling company in exchange for boosting its holding Steel industryLuxembourg-based steelmaker ArcelorMittal under investigation in FranceArcelorMittal is being sued by some 300 local residents and associations for allegedly exposing the population to illegal discharges of pollutants Steel industryArcelorMittal South Africa seeks cash rescue for mills, ST saysCompany initially planned to shutter facilities at the end of January, later postponed, though rescue talks with the government have failed to yield results Battle for talentPremiumLuxembourg companies cutting back on relocation perks, say recruitersDespite generous packages at larger firms and concerns over competitiveness, some employers are trimming benefits such as housing allowances Industry ArcelorMittal South Africa to idle steel units in second quarterThe closure of the long-steel plants will result in the loss of about 3,500 direct and indirect jobs Advertiser contentTreat yourself to a stress-free holidayDreaming of a worry-free trip What if the secret to a smooth getaway was simply good preparation and the right protection Advertiser contentReal estate: Why should you take advantage of the start of 2025 to begin your real estate project?The main things we remember about the housing sector over the past 12 months are the rise in interest rates and the fall in property prices Advertiser contentProperty: I've decided to invest!The various forms of government support for investment Advertiser contentThe Luxembourg Times BusinessRun is happening again on 18th September!On Thursday 18th September with the starting gun of the 11th Luxembourg Times BusinessRun fired at the Coque at 7 pm Share this with instagramSections the Metz prosecutor's office said on Tuesday a 43-year-old man and his 38-year-old partner had been staying with their victim in Hagondange in the Moselle department of France since late January The victim was a 56-year-old quadriplegic woman The Metz public prosecutor's office did not give any further details on the nature of their relationship but explained that things had "rapidly degenerated" The couple was arrested on 8 February following a violent altercation at the victim's home The victim claimed to have been kidnapped and gagged from 1 to 6 February The man is also under investigation for rape believed to have been committed in late January The couple was presented to an investigating judge last week others criticize the environmental impact of the large energy consumption but one thing is true: there is a great deal of effort from these home owners in bringing some light and joy to their neighbours and visitors Here are a few highlights in and around Luxembourg: A local initiative by the commune of Koerich (Kaerch) where residents of the commune illuminate their windows and show them to the public A lovely idea to get everyone in the holiday spirit More information here! FranceApproximately 1h from LuxembourgUntil 31 December 2024 The main theme of this illuminated house is The Grinch The lights and decorations create a magical ambience and lots of novelties have been added this year Grinch as well as the traditional visit of Santa Claus himself For details and to stay up to date, visit their Facebook page The owners decorate for Halloween and Christmas so you will be able to see the festive decoration in all its glory You could also combine the visit with a trip to the Christmas market and the Santa Claus Village in Sierck-les-Bains For the illuminated house, you can find the details on their facebook page This illuminated house is located in Berschweiler in Germany the owners shared some magical photos and a reel on their facebook page The house also hosts the Grinch, and there will be food inside - please check the Facebook page for information Approximately 45min to 1h away from Luxembourg This illuminated house is quite close to Luxembourg and it might be one of the only places where you will see a singing snowman The "snowman" also has a Facebook page where he shares his passion for lights Check out their Facebook page It will be illuminated until 5 January 2025 daily from 5.30pm to 11.30pm and will stay on all day long for Saint Nicholas Day on 6 December More info on their Facebook. TravelMatKanner wishes you a happy holiday season filled with joy and many nice moments and discoveries alongside your family and friends!