01:49 PM EST, 02/11/2025 (MT Newswires) -- ArcelorMittal ( MT ) has proposed moving some of its business-support activities outside of Europe to save costs, according to media reports Tuesday.

The company reportedly floated the idea of moving activities to India during a meeting with its European works council, a body representing employees, according to the reports.

The proposal comes at the heels of challenges that ArcelorMittal ( MT ) previously said threatened the competitiveness and sustainability of European steelmaking.

ArcelorMittal ( MT ) did not immediately respond to a request for comment from MT Newswires.

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