View full page at forexfactory.com

 

French President Hollande’s Nationalization Threat to Mittal

From cnbc.com

François Hollande demanded on Tuesday that Lakshmi Mittal, the steel magnate, guarantee the long-term future of workers at a disputed plant in northern France or face the threat of a state takeover of the operations. Stepping up the pressure on the chief executive of ArcelorMittal during an hour-long meeting at the Elysée palace, President Hollande told Mr Mittal the 629 jobs under threat from the proposed closure of two blast furnaces at Florange must be saved. The talks, described by both sides as business-like, followed an unprecedented public dispute between the two sides sparked by an outspoken attack on the com ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News