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06/09/2011
ArcelorMittal delists but still top-ranks
In a laconic statement sent on 19 August to the press ArcelorMittal announced the withdrawal of its ArcelorMittal Rodange & Schifflange shares from Luxembourg Stock Exchange's listing.
"The common stock of ArcelorMittal Rodange & Schifflange (SDMA) will resume from the regulated market trading and from the official list of the Luxembourg Stock Exchange, with effect as at Monday 31 October 2011," the steel producer said. However, the group remains listed on Luxembourg Stock Exchanges as well as in Amsterdam, Brussels, Madrid, New York and Paris.
 According to Fortune magazine's latest Global 500 list based on annual revenues ArcelorMittal ranks 74th among the top 500 corporations worldwide with a revenue of 83.443 millions dollar and a staff of 273,800.
First employer in the country
In Luxembourg ArcelorMittal remains as at January 2011 the country's largest employer in terms of staff amount with 6,070 employees, according to statnews, a publication issued last June by Statec, the national institute of statistics and economic studies.
Indeed, ArcelorMittal ranks far ahead of BGL BNP Paribas, Cactus, Dexia BIL, and the Enterprise of Post and Telecommunications (see table below ). The list is published each year and is based upon an annual survey on companies and groups with 90 employees and more, which operate in Luxembourg. 383 companies and business groups from sectors such as industry, construction, trade and most service activities have been surveyed.
In 2010 ArcelorMittal already ranked on the top of the list, according to Statec (statnews 06/10), with a staff of 6,170 people, followed at that time by Cactus, Dexia Bil, the P & T Company and CFL.
Marc Alison
Email to the Editor
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