Friday 18 April 2014
News updated at 3:18 AM IST
Weather
Max: 34.6°C
Min : 22.1°C
In Bangalore
Sunny day

ArcelorMittal warns France over pressure on Florange

Paris, Nov 23, 2012, (AFP)

Steel giant ArcelorMittal warned the French government today that efforts to force it to sell all of its Florange plant, rather than just the parts it wants to close, threaten the company's presence in France.

Selling the entire Florange facility "would jeopardise the viability of ArcelorMittal's other activities in France, where the group employs 20,000 people," the company said in a statement.

French authorities have told ArcelorMittal it should look to sell the entire plant at Florange and not just the blast furnaces it shut down in October after months of idleness. The company's warning got a sharp response from Labour Minister Michel Sapin.

"I don't think one has the right to use every weapon, but everyone chooses their own weapons." What the government wanted, Sapin said, was to create a situation in which a company could take over running the furnaces.


"This company (ArcelorMittal) has to make an extra effort," he added. "We cannot accept the way Mittal wants to get rid of a part of the operation that is fundamental." ArcelorMittal has given until the end of November for interested buyers of the furnace operations to come forward. But Industrial Renewal Minister Arnaud Montebourg this week suggested the government might take temporary control of the site.

The fate of the site has become a litmus test of Socialist President Francois Hollande's strategy for fighting rising unemployment and raising the flagging competitiveness of French industry.

It is based in the Lorraine region of eastern France, the traditional centre of France's steel industry.

Go to Top

Photo Gallery
Voters cross a wooden bridge on the Chenab river to reach a polling station to cast their vote...

Voters cross a wooden bridge on the Chenab river to reach a polling station to cast their vote...

Farmers covering the paddy sacks after heavy rains in Patiala...

Farmers covering the paddy sacks after heavy rains in Patiala...

Women walk through a wheat field on their way to a polling station to cast their votes...

Women walk through a wheat field on their way to a polling station to cast their votes...

People play cricket on a road during voting for Lok Sabha polls in Patna...

People play cricket on a road during voting for Lok Sabha polls in Patna...

People arrive to cast their vote at a polling station in Ajmer district in the desert...

People arrive to cast their vote at a polling station in Ajmer district in the desert...

Newly appointed Chief of Naval Staff Admiral R. K. Dhowan (C) poses for a picture after inspecting..

Newly appointed Chief of Naval Staff Admiral R. K. Dhowan (C) poses for a picture after inspecting..

Voters click pictures of their inked fingers after casting votes for Lok Sabha polls at a ...

Voters click pictures of their inked fingers after casting votes for Lok Sabha polls at a ...

Congress candidate from Bangalore South Nandan Nilekani showing inked finger with his wife Rohini...

Congress candidate from Bangalore South Nandan Nilekani showing inked finger with his wife Rohini...

Voters wait in a queue to cast votes for the Lok Sabha elections in Chikmagalur on Thursday. PTI...

Voters wait in a queue to cast votes for the Lok Sabha elections in Chikmagalur on Thursday. PTI...

India's new Naval Chief, Admiral Robin K Dhowan inspects a Guard of Honour at Defence...

India's new Naval Chief, Admiral Robin K Dhowan inspects a Guard of Honour at Defence...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523