The extraordinary commissioners
of the former ILVA group's steel works on Friday filed an urgent
petition to a Milan court to stop ArcelorMittal rescinding the
contract to take over the group, including its troubled Taranto
factory.
The decision by the Franco-Indian steel giant, the world's
largest, to pull out of the takeover deal has rocked Premier
Giuseppe Conte's government.
Unions say that the company has prepared a plan to gradually
turn off the plant's furnaces and is determined to have pulled
out by December 4, leaving the commissioners in charge of
implementing the plan.
ArcelorMittal said it needs to pull out citing the lifting of
a 'penal shield' that protected managers involved in a clean up
of the Taranto plant from prosecution and the necessity of
shedding 5,000 workers across the group, which employs over
8,000 people in Taranto and some 3,000 more in Genoa and Novi
Ligure.
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