Press Esc to close
Saturday 01 October 2016
News updated at 10:23 AM IST
Weather
Max: 29.7°C
Min : 20.5°C
In Bengaluru
Generally cloudy

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
A hair stylist Kailash Kashid creates a special hair cut slogan of Maratha Kranti Morcha...

A hair stylist Kailash Kashid creates a special hair cut slogan of Maratha Kranti Morcha...

Actor Salman Khan plays with his sister Arpita's kid at an event for the tie-up between...

Actor Salman Khan plays with his sister Arpita's kid at an event for the tie-up between...

Artisans work on a giant model of Hindu god Ganesh during preparations for the upcoming Durga Puja..

Artisans work on a giant model of Hindu god Ganesh during preparations for the upcoming Durga Puja..

The palace witnessed very little visitors on the day and thus children enjoy playing at the...

The palace witnessed very little visitors on the day and thus children enjoy playing at the...

Temples submerged at Gwari Ghat due to floods caused in Narmada River by heavy rains...

Temples submerged at Gwari Ghat due to floods caused in Narmada River by heavy rains...

Indian Army vehicles move towards border areas in Akhnoor sector on India Pakistan Border...

Indian Army vehicles move towards border areas in Akhnoor sector on India Pakistan Border...

BJP activists celebrate the Indian army's Surgical strikes along the Line of Control in PoK...

BJP activists celebrate the Indian army's Surgical strikes along the Line of Control in PoK...

all-party meeting in New Delhi on Thursday following Indian army's surgical strikes along the LoC...

all-party meeting in New Delhi on Thursday following Indian army's surgical strikes along the LoC...

People celebrate after Indian army's Surgical strikes along the Line of Control...

People celebrate after Indian army's Surgical strikes along the Line of Control...

Artists practice the Garba dance ahead of the Navratri festival in Ahmedabad...

Artists practice the Garba dance ahead of the Navratri festival in Ahmedabad...

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