Business · Energy & Commodities · 6 hrs ago

Italy backs keeping ex-Ilva steel production, with a shift to electric furnaces

Italy backs keeping ex-Ilva steel production, with a shift to electric furnaces

Italy’s government says steel production should continue at ex-Ilva, the steel group centred on Taranto.

It plans to pursue decarbonisation using electric furnaces and is also considering a public stake in the business.

The government and unions agreed to look at widening income and job protections for workers at the plant and related companies.

A request for extraordinary wage support covers a potential maximum of 8,622 workers, not a confirmed number of people who will be laid off or suspended.

The plant’s future remains uncertain because binding sale offers are due by 8 November and Italy’s top court has yet to decide on the hot-production area.

The government says it cannot give a firm timetable for the transformation until these uncertainties are resolved.

More information on voluntary early exits is due by mid-December, while the government is also seeking possible investments and jobs in the Taranto area.

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What people are saying

Alfredo MantovanoUndersecretary to the Prime Minister
The government once again confirms its commitment to ensuring steel production in Italy and, in this context, to securing industrial prospects for Taranto, with electric furnaces and decarbonisation.
via Corriere della Sera
At this stage, it cannot meet the unions’ request to have and discuss a precise timetable for the decarbonisation process.
via Il Fatto Quotidiano
I am proud that this government excluded the Mittal partner three years before the recent judicial developments.
via ANSA
Michele De PalmaSecretary-general of Fiom Cgil
Workers’ struggle pays off; workers’ struggle today has obtained some initial responses.
via Il Fatto Quotidiano