Ex Ilva, here is the billionaire request of Arcelor Mittal to the State

Ex Ilva, here is the billionaire request of Arcelor Mittal to the State

Arcelor Mittal asks the government for a billion and a half euros (Patuanelli critic). In the meantime, the employees of the ex Ilva steelworks in Taranto go on strike. Here are all the details.

The giant Arcelor Mittal is asking the government for a billion and a half euros. In the meantime, the employees of the ex Ilva steelworks in Taranto go on strike. Here are all the details.

From 7 this morning, a 24-hour strike is under way in the iron and steel industry of Taranto and throughout the ArcelorMittal group called by the initials Fim Cisl, Fiom Cgil and Uilm to protest the new industrial plan 2020-2025 that the company presented last Friday. to the government.

Also from this morning at 7, another strike is underway, always with the same motivation called by the USB union which however will last 48 hours. At 10 o'clock today, however, the government will meet in a video conference with the confederal, metalworking unions, the USB, the UGL and the commissioners of Ilva in extraordinary administration (owner of the steel plants) for a discussion on the plan. ArcelorMittal is not invited to today's call.

Fim, Fiom and Uilm are also carrying out a protest this morning in front of the management of the Taranto plant. Fim, Fiom and Uilm say that "the only certain thing contained within the business plan are the redundancies of the staff".

Overall, it is explained, there are 5 thousand, including Ilva in extraordinary administration, 1800, because they are no longer summarized and relocated by ArcelorMittal, and 3200 only in the latter company, which wants to reduce the number of employees in the group to 7500. The unions speak of "heavy repercussions on employment in the procurement area". The ongoing protest wants to be a signal for the unions also to the Government, given the concomitance with the meeting this morning, because Fim, Fiom and Uilm "consider the attitude of the government that continues to deal with ArcelorMittal, a counterpart that it has demonstrated that it is an unreliable entity and that it does not respect the commitments entered into by continuing to defer investments in technological innovations and not guaranteeing plant maintenance ". For the USB union, however, "ArcelorMittal management has become unbearable as well as being dangerous for workers".

Meanwhile, as Il Sole 24 Ore writes today, Mittal is asking the government for a billion and a half euros. To be precise, between money in cash and public credit lines, it wants 1.455 billion: “It doesn't want them all right away. He wants them, one piece at a time, within two years. On page five of the Post Covid Business Plan 2020-2025 sent from London to Rome last Friday, in the chapter "funding" (resources, financing) the financial component that the Franco-Indian group asks the Italian State to take on is clarified ", he wrote the Confindustria newspaper.

Arcelor's requests to the State and state subsidiaries is summarized today by Sole 24 Ore : "This year ArcelorMittal wants 200 million euros in non-refundable funds -" a state aid-compliant ", a state aid – for damages provoked on international markets by Covid-19. Also this year, he asks for a 600 million euro loan with a state guarantee, therefore a line covered by SACE . In 2021, he asked Invitalia for 55 million euros for CO2 rights. In 2022 – after the acquisition, because now the contract is for rent – he asks for another 600 million euros of loans with public guarantee, to refinance the first credit line covered by SACE ".

Conclusion: “Just under a billion and a half euros, therefore. Charged – directly or indirectly – by Italian taxpayers. Without considering how much – if ArcelorMittal does not jump the bank by the hand, if it has the interest, or by the hand, if it has the strength, by the Government – the Italian State will have to employ to recapitalize the mixed public-private company which, in theory, it should be formed by November. "

What is the government's reaction? The industrial plan proposal presented by ArcelorMittal is "unacceptable": said the Minister of Economic Development, Stefano Patuanelli, from what he learns from sources present at the video conference meeting in progress with the unions, because it puts employment levels in question and the investment plan, extending the time "out of proportion". The need is "to protect employment", he stressed.


This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/energia/ex-ilva-ecco-la-richiesta-miliardaria-di-arcelor-mittal-allo-stato/?utm_source=rss&utm_medium=rss&utm_campaign=ex-ilva-ecco-la-richiesta-miliardaria-di-arcelor-mittal-allo-stato on Tue, 09 Jun 2020 14:10:05 +0000.