30
May
17:10
New Ilva owner plans big job cuts
The new owner of troubled Italian steelmaker Ilva plans to cut up to 6,000 jobs, Kallanish understands from a release issued by local trade unions.
In their bids to acquire Ilva both consortia – AM Ivestco and Acciaitalia – included in their plan a job cut of some 5,000-6,000 units.
As reported, the administrators of the company indicated to the government that the bid from AM Investco, the consortium lead by ArcelorMittal, is to be considered the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous