ArcelorMittal to give share of Taranto plant to Italian government on Dec 10, unions say

Italian authorities will finalize their takeover of a share in flat steel producer ArcelorMittal Italia on December 10, trade unions Fiom-Cgil and Uilm said on Monday November 30.

"Negotiations are continuing between the Italian government and ArcelorMittal and a further 10 days are needed [before they] sign the final agreement, after a letter of intent [was] signed today," Fiom-Cgil said.
"Today was supposed to be the day of an agreement between [government investment agency] Invitalia and ArcelorMittal, but it has become a day of postponement," Uilm secretary-general Rocco Palombella said. "Apparently, they will sign a memorandum of understanding that will establish the salient points of the agreement, but will postpone the [actual] signing until December 10."

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