Mittal's Florange site was in the news recently, after the government wanted the steel giant out of the country as it said that it doesn't respect France.

However, the big issues now seem to have settled down as the ArcelorMittal made a deal with the government, under which it would avoid the job cuts. The firm has agreed to government's suggestions and is planning to relocate the workers within the site.

It has said that it would keep the controversial furnaces at the site closed while it will move some of the workers to move to others jobs while the others will be granted retirement packages. It will also look forward to volunteer redundancies.

With the start of next year, the steel giant will invest a big sum of 18 million Euros at the Florange site. The investment will form a part of the five year investment strategy undertaken by the firm. It further said that it will invest 13 million Euros into research center at Maizieres-les-Metz to help itself cope up with the technical problems.

"We will continue to produce steel of the highest quality in France, and we will work to show our stakeholders in France that we are a company that delivers on its commitments", said Mittal.