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ArcelorMittal File Suit at Milan Courtto Exit ILVA

Steel News - Published on Wed, 13 Nov 2019

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ANSA reported that ArcelorMittal has filed suit to get out of their contract to take over the former ILVA steel works including its Taranto plant. The suit arrived on the table of the president of the Milan court, Roberto Bichi, who will now assign it to one of two sections, specialized in business cases. ArcelorMittal has said it needs to pull out citing the lifting of a penal shield protecting a cleanup of the highly polluting Taranto works and the necessity of shedding 5,000 workers across the group, which employs over 8,000 people at Taranto and some 3,000 more at Genoa and Novi Ligure.

Italian Premier Mr Giuseppe Conte said that he will ask ministers to brainstorm solutions to convert the Taranto plant if no plan for its survival as a steelworks succeeds. Mr Conte said the government will soon have another meeting with ArcelorMittal executives and announced a legal battle involving a preventative procedure with the Court of Milan to obtain a judicial check on the government's and ArcelorMittal's arguments and motives within 7 to 10 days.

The Italia government is split on restoring the shield with many in the anti-establishment 5-Star Movement M5S, led by Foreign Minister Luigi Di Maio, against providing protection for a plant whose pollution levels have been linked to high local cancer rates in and around Taranto. But Premier Conte and the M5S's ruling partner, the centre-left Democratic Party PD, are firmly in favour of bringing the shield back, provided ArcelorMittal agree to stay on. All parties in government, including ex-premier and former PD leader Matteo Renzi's new centrist Italia Viva IV party, are against the job cuts.

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Posted By : Amom Remju on Wed, 13 Nov 2019
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