Press Esc to close
Saturday 05 September 2015
News updated at 12:13 AM IST
Weather
Max: 34°C
Min : 22°C
In Bengaluru
Rain lightly

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
Forest officials welcome first batch of Dasara elephants...

Forest officials welcome first batch of Dasara elephants...

Traditional Yakshagana artist performs dance...

Traditional Yakshagana artist performs dance...

People buying Lord Krishna idols on the eve of Sri Krishna Janmashthami...

People buying Lord Krishna idols on the eve of Sri Krishna Janmashthami...

A view of heavy traffic jam on Delhi-Gurgaon Expressway in Gurgaon on Friday...

A view of heavy traffic jam on Delhi-Gurgaon Expressway in Gurgaon on Friday...

One horned rhinoceros at a submerged area of the Kaziranga National Park in Assam...

One horned rhinoceros at a submerged area of the Kaziranga National Park in Assam...

Students from various parts of Karnataka perform Group Dance during the Samskrutika Habba...

Students from various parts of Karnataka perform Group Dance during the Samskrutika Habba...

Chennai- Mangalore Express derailment...

Chennai- Mangalore Express derailment...

Ducks on top of a submerged house in a flood affected village near Kaziranga...

Ducks on top of a submerged house in a flood affected village near Kaziranga...

An Indian one-horned rhinoceros wades through flood waters at Kaziranga...

An Indian one-horned rhinoceros wades through flood waters at Kaziranga...

The river Bheem which is the major water source for HK region is seen flowing in low level...

The river Bheem which is the major water source for HK region is seen flowing in low level...

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