Share

Ilva: Conte will meet ArcelorMittal, but what can he offer?

The Premier will try tomorrow to convince ArcelorMittal to retrace his steps but, unable to offer the restoration of the penal shield due to the opposition of the Five Stars, it will not be easy for him to convince the French-Indians to stay in Taranto and reduce the request for 5 redundancies , even if it will offer the reduction of the rental price of the facilities

Ilva: Conte will meet ArcelorMittal, but what can he offer?

The premier Giuseppe Conte will meet again at Palazzo Chigi the top management of ArcelorMittal, now determined to leave the Ilva plant in Taranto. Conte will try to convince them to respect the agreements and to retrace their steps but unfortunately he doesn't have the weapons to persuade them. He has no whys the preliminary ruling of the Five Stars against the restoration of the penal shield – which was in the contractual agreements between the company and the Government – prevents the Government from flushing out the company by removing any alibi.

If the Government is the first to not respect the contract, it is quite difficult to expect the company to respect it. However, Conte will try to induce ArcelorMittal to reduce the 5 reported redundancies, putting on the plate a generous dose of layoffs but it is doubtful that it will be enough to convince the French-Indian group to back down. The only candy that the Government seems to have in store for now - barring second thoughts from the Five Stars on the penal shield - is a 180 million discount on the rent that ArcelorMittal pays on the Taranto plant.

That's why, barring miracles, the commissioner hypothesis of Ilva of Taranto remains on the carpet while it seems difficult - despite the propensities of the Five Stars, Leu and the CGIL - recourse to some form of nationalization, albeit sweetened by the very problematic intervention of the CDP.

Barring sensational breaks, the most probable hypothesis is that it will start in the next few days a long and difficult negotiation in which the Government will try to avert the worst by buying time. After all - as he candidly confessed to the workers of Taranto - for now Conte doesn't have a solution in his pocket.

comments