Tag Archives: Layoff

ArcelorMittal-France deal: Reach pact over disputed Florange plant, President under pressure

A fresh crisis erupted on Saturday after French government signed an agreement with the steel giant ArcelorMittal to avoid the elimination of about 600 jobs and also allow investing 180 million euros over one of its three largest French factories, the Florange plant.

After a day of agreement, French trade unions accused President Francois Hollande of being threatened to possible nationalization of ArcelorMittal’s Florange steelworks.

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