World, As Seen from Trinity Street, Dublin, Ireland

ArcelorMittal plan to cut jobs at Taranto wasn’t met with understanding


Steel group ArcelorMittal is planning to intervene considerably in the Ilva steel plant in Taranto, Italy. This can be deduced from a provisional proposal that has been submitted to civil servants and trade union employees. Bloomberg news agency has seen the plans.

Among other things, Arcelor wants to reduce production capacity to 6 million tonnes per year in 2021. Furthermore, a total of 4,700 jobs will be cut until 2023. The planned investments are slightly reduced. Reportedly, the union workers at the presentation have already rejected the plans.

The steel group bought the Ilva plant in southern Italy, where thousands of people work, last year. The largest steel mill in Europe has been involved in scandals for decades due to pollution of the environment and health problems among local residents.

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World, As Seen from Trinity Street, Dublin, Ireland

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