ArcelorMittal and the commissioners of the metallurgical plant ILVA in the South of Italy have agreed to extend negotiations until the end of the month after making progress in the discussion of the conditions for continued control.
"Negotiations between the two sides has taken a significant step forward and set a new term until February 28," - said journalists the lawyer ArcelorMittal Ferdinando Emanuele.
the Italian Government is trying to keep ArcelorMittal in Taranto, despite the company's statement of withdrawal from ILVA after the country's Parliament abolished the legal immunity for the management of environmental crimes committed by the previous owners.
on Friday the court of Milan had to consider a government request for forced termination of output of the ArcelorMittal factory, but the hearing was postponed to March 6 to both sides could come to a final agreement, the lawyer added.
the Government of Prime Minister Giuseppe Conte and ArcelorMittal have agreed in the past year to develop a new industrial plan for the site, which employs about 200 workers 8 in Taranto.
However, at the end of January it became known that top managers of ArcelorMittal left the company in Taranto and were transferred to other areas. Market participants interpreted this as the last step to withdrawal from the Italian market followed by a stop of the plant and mass layoffs.
However, on Thursday, February 6, at ArcelorMittal said that working on an updated industrial plan for ILVA, which "will include investments in green technology, including through a new company, financed by state and private investors".
