Italy proposes new plan to rescue ArcelorMittalChristian Fernsby ▼ | December 10, 2019
Italy is negotiating a new plan with ArcelorMittal to save the Taranto steel plant that involves partial state ownership, Prime Minister Giuseppe Conte said on Monday.
Italian industry ArcelorMittal Italia
Topics: Italy ArcelorMittal
"We are ready to do our part to make this plan more efficient and credible. And make the industrial plan even more sustainable," Conte added.
Italy considers the steel mill a strategic industrial site and faces pressure from unions, which are trying to protect the 8,000 jobs at risk.
Economic Development Minister Stefano Patuanelli said the state had a role to play, along with ArcelorMittal. ■