French govt summons Mittal on plant closure
The French government has summoned steel magnate Lakshmi Mittal to seek assurance against job losses from a proposed shutdown of one of ArcelorMittal's plants in the country.
By PTI |
LONDON: The French government has summoned steel magnate Lakshmi Mittal to seek assurance against job losses from a proposed shutdown of one of ArcelorMittal's plants in the country.
Mittal would meet either President Nicolas Sarkozy or Prime Minister Francois Fillon in the next few days to discuss the planned closure, French Minister for Companies and Business Henri Novelli told the media.
The Minister said that ArcelorMittal, the world's largest steelmaker run by the India-born billionaire, has assured against any redundancy, but the government wanted to ensure that this promise was kept.
"For the moment, we have a very strong assurance from the group not a single redundancy and my role is to ensure that this engagement is kept," Novelli said.
This follows ArcelorMittal's plans, announced on January 16, to close its Gandrange plant in eastern France by early next year.
The steel plant has an annual production of 900,000 tons and the closure is estimated to affect about 600 workers. The company has said that relocation of affected employees would be its priority and every employee would be offered a "solution."
Mittal would meet either President Nicolas Sarkozy or Prime Minister Francois Fillon in the next few days to discuss the planned closure, French Minister for Companies and Business Henri Novelli told the media.
The Minister said that ArcelorMittal, the world's largest steelmaker run by the India-born billionaire, has assured against any redundancy, but the government wanted to ensure that this promise was kept.
"For the moment, we have a very strong assurance from the group not a single redundancy and my role is to ensure that this engagement is kept," Novelli said.
This follows ArcelorMittal's plans, announced on January 16, to close its Gandrange plant in eastern France by early next year.
The steel plant has an annual production of 900,000 tons and the closure is estimated to affect about 600 workers. The company has said that relocation of affected employees would be its priority and every employee would be offered a "solution."
ADVERTISEMENT
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
