The cabinet on Tuesday approved a
decree strengthening recourse to redundancy measures for
companies like the former ILVA steelworks in Taranto that are
placed into receivership as is looming for southern Italy's
biggest employer.
The decree reinforces, in case of recourse to extraordinary
administration, the measures already in the legal system to
protect the continuity of production and employment of companies
in crisis, including the former ILV works now co-owned by the
government and Franco-Indian giant ArcelorMittal, and provides
for guarantees of extraordinary redundancy during eventual
extraordinary administration.
The measure paves the way for the rule to be used in ongoing
talks with ArcelorMittal on the former ILVA plant, now called
Acciaierie d'Italia, in a dispute over upping or lowering stakes
to avert bankruptcy.
The government also convened the former ILVA trade unions on
Thursday, January 18.
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