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We have no intention of shutting down plants. We have always said there will be no redundancies or lay-offs as a result of this merger.

Lakshmi Mittal

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Lakshmi Mittal
Age: 74
Born: 1950
Born: June 15
Businessperson
Entrepreneur
Magnate
Lakshmi Niwas Mittal
Results
Mergers
Always
Shutting
Plants
Lays
Intention
Plant
Merger
Result
Offs
Motivational
Redundancy

More quotes by Lakshmi Mittal

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We are pleased with the very positive reception our offer has received, and are confident that progress is being made towards establishing the regulatory framework for the offer.
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When I think about parallels between myself and an Olympian, I believe that success in the world of business is underpinned by very similar principles of perseverance and hard work.
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We have experienced highly challenging global market conditions in the past quarter with significant steel price decline in all regions.
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We are beginning to see the benefits of globalconsolidation.
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It's difficult for them to do a deal at these levels.
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If I go to a match it doesn't mean I want to buy the stadium or the club.
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A strong player, which has the sufficient critical mass, can withhold pressure better and create a more stable environment that benefits shareholders as well as employees.
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It is a high for me. It is my biggest and most satisfying deal.
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Always think outside the box and embrace opportunities that appear, wherever they might be.
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I understand that this has taken a lot of politicians by surprise. But we believe that this is an important and right step for the steel industry.
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At the end of the day you have to keep emotions away.
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In the past twenty years, we have lived through several cycles and we have always managed to buy under good terms and conditions at the right time. This has enabled us to build a solid group that is now the world number one.
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There will be no job cuts arising out of this merger in Europe - this is in the interest of jobs in Europe.
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I am sure all politicians will be convinced of the merits of this deal.
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The torch relay is an excellent embodiment of all that the Olympic Games have come to symbolise - a celebration of the human spirit. Personally to me, it represents striving to be the best in whatever we do, never giving up despite the odds, and a commitment to health and fitness.
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We are not in the business of iron ore. Whatever captive iron ore sources we have, we use it to make steel.
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I am very confident that we will be able to convince all the stakeholders - the shareholders, the governments and the employees, that this is in their best interests.
Lakshmi Mittal
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I came from a Hindi medium school the principal felt that I would not fit into an English medium college. Though I was top in my class in school, and I got admission in other colleges, but I really wanted to study in St. Xavier's.
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Production cutbacks have remained in place in the third quarter and this has helped to further reduce inventory levels worldwide.
Lakshmi Mittal
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This is not about creating a giant. It's about creating the sustainability of the steel industry.
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