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ArcelorMittal Italian workers protest against mass layoffs

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the Troubled steel company in the South of Italy is on the verge of closing since the end of last year, when the largest steel company in the world decided to abandon its privatization.

ArcelorMittal Italian workers protest against mass layoffs

on Tuesday, the Italian government rejected the proposed ArcelorMittal plan mass layoffs of employees of loss-making Ilva steel plant after the Steelworkers went on strike, protesting against cuts.

the world's Largest steel producer has acquired a factory in the southern city of Taranto in 2018, but a year later decided to abandon unprofitable asset, announcing a unilateral withdrawal from the investment agreement with the government of Italy.

After the withdrawal of the application for cancellation in exchange for public funding ArcelorMittal has submitted a plan with a new proposal to reduce jobs, which aroused the wrath of the government and the trade unions.

the Company confirmed the sending of the plan, but did not provide any details. Italian media reported at the weekend that the plan included the reduction of 5 000 jobs.

on Tuesday, the Ministers and representatives of trade unions held a video link to discuss the latest proposals, which have forced unions to declare a 24-hour strike.

In Ilva employs more than 8,000 people, and as suppliers or contractors employ about 1 000 people.

industry Minister of Italy Stefano Patuelli said that the government will try to "undo" the terms of the plan and to maintain jobs at the plant, one of the few large industrial employers in the economically depressed South of Italy.

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