Italian government rejects ArcelorMittal's job cut plan in ILVA
2019-12-11 14:49:40 [Print]
On December 5, Italian Premier Giuseppe Conte said the government rejected ArcelorMittal's plan to cut 4,700 jobs in the ex-ILVA steel group.
ArcelorMittal previously noted that if the Italian government revokes pollution exemption and allows cutting 5,000 jobs in ILVA group, ArcelorMittal could continue the acquisition.
ILVA Unions recently rejected a new plan by ArcelorMittal for the former ILVA steel group envisaging 4,700 lay-offs by 2023, including 2,891 immediately.
The Franco-Indian group, the world' biggest steelmaker, has been trying to get out of the former ILVA group including its polluting Taranto works, the largest steel plant in Europe.
Industry Minister Stefano Patuanelli said the government would now advance its own plan to get to an output of eight million tonnes and safeguard jobs.
ArcelorMittal previously noted that if the Italian government revokes pollution exemption and allows cutting 5,000 jobs in ILVA group, ArcelorMittal could continue the acquisition.
ILVA Unions recently rejected a new plan by ArcelorMittal for the former ILVA steel group envisaging 4,700 lay-offs by 2023, including 2,891 immediately.
The Franco-Indian group, the world' biggest steelmaker, has been trying to get out of the former ILVA group including its polluting Taranto works, the largest steel plant in Europe.
Industry Minister Stefano Patuanelli said the government would now advance its own plan to get to an output of eight million tonnes and safeguard jobs.
