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.
"What I can say, without revealing secrets, is that the participation of public companies is anticipated," Conte said at an energy presentation in Rome. "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.
Last month, ArcelorMittal - the world's biggest steelmaker - pulled out of an agreement to buy struggling Italian firm Ilva and said it planned to cut 5,000 jobs after Italian lawmakers revoked a period of legal immunity to bring the heavily-polluted site up to environmental standards.
Copyright Agence France-Presse, 2019
Comments
Comments are closed for this article.