The cabinet on Tuesday approved adecree strengthening recourse to redundancy measures forcompanies like the former ILVA steelworks in Taranto that areplaced into receivership as is looming for southern Italy'sbiggest employer.
The decree reinforces, in case of recourse to extraordinaryadministration, the measures already in the legal system toprotect the continuity of production and employment of companiesin crisis, including the former ILV works now co-owned by thegovernment and Franco-Indian giant ArcelorMittal, and providesfor guarantees of extraordinary redundancy during eventualextraordinary administration.
The measure paves the way for the rule to be used in ongoingtalks with ArcelorMittal on the former ILVA plant, now calledAcciaierie d'Italia, in a dispute over upping or lowering stakesto avert bankruptcy.
The government also convened the former ILVA trade unions onThursday, January 18.
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