The Luxembourg government has made a strategic offer to acquire the bankrupt Liberty Steel plant in Dudelange, aiming to turn the long-idle industrial site into a hub for economic revitalisation and future job creation.
After years of inactivity and the company’s bankruptcy in 2024, the government’s plan would bring the property under public control, preventing a private sale and allowing for careful redevelopment planning.
Officials from the Ministry of the Economy said they are considering various options for the site, including potential manufacturing or defence-related projects, as part of efforts to restore employment opportunities in the region.
The acquisition reflects broader efforts to support regions and workforce affected by industrial decline and provide a fresh direction for the once-active facility. Trade unions and community leaders have welcomed these steps, seeing them as an important move to protect jobs and the local economy.
Read more: https://gmk.center/en/news/luxembourg-offers-e14-5-million-for-liberty-steel-dudelange-plant/
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