Former Ilva, the decision of the Court of Milan gives the green light to extraordinary administration. And the possibility of a bankruptcy investigation is looming. Here's what the judges write: "Absolute absence of cash liquidity" which can compromise the "survival" of the company
Turning point for the former Ilva. The Government has appointed engineer Quaranta as Sole Commissioner with the aim of guaranteeing production continuity, the relaunch and sale of the steel group from which the multinational ArcelorMittal is leaving the scene
For the former Ilva we are at a turning point: a move by Invitalia and a counter-move by ArcelorMittal but the slope is that which leads to the administration of the largest European steel factory, which has been in a pre-agonistic state for months due to the responsibility of the private partner but also...
The Court of Milan rejects the request of Acciaierie d'Italia against the extraordinary administration. Commissioners' inspection of the former Ilva factory interrupted. Benaglia and D'Alò (Fim Cisl): "the Government guarantees business, production and employment continuity"
To obtain access, in the last two financial years the companies must have produced at least 70% of their turnover towards the client subjected to the procedures. A non-repayable contribution may also be requested to reduce the interest rate.…
The Emilian entrepreneur, former president of Federmeccanica, speaks: in Taranto the hope is that "the government will find a group of entrepreneurs, possibly Italian, willing to revive the fortunes of the company". Political stability of the government: "The prime minister? Let her work so we can then evaluate her." Confindustria? "Will know…
The multinational ArcelorMittal is certainly the main culprit in the crisis of the former Ilva and the large steel plant in Taranto but the origin of the disaster bears the signature of the Conte 2 Government which in 2020 signed an unfortunate agreement with the Indians...
According to rumours, behind the industrial giant's move is the willingness to resume dialogue at the last minute. The executive hopes for a step backwards: "Negotiations are always open", but in the meantime it is moving forward with the commissionership
The executive will use the 320 million euros previously foreseen for the capital increase in Acciaierie d'Italia. New round with the unions within 14 days
First measures by the Council of Ministers to guarantee production continuity and defense of employment at the former Ilva in view of the meeting with the unions tomorrow
The stop comes due to the non-payment of 178 million euros in invoices. The judges: "We cannot continue to burden general taxation"
The payment of 400 million to buy back the shareholding of ArcelorMittal is the first step to bring the former Ilva out of the tunnel but further disbursements are needed to relaunch it
The moment is difficult and uncertain regarding the hypothesis of other suitors. The rumors potentially speak of Vulcan Green Steel, Metinvest or Arvedi
The history of the former Ilva of Taranto demonstrates that the interest of the Indian private partners was not that of development but of the neutralization of the plant. Now the government calls Italian private industrialists, unions and banks to a table to draw up…
The future of the former Ilva is becoming increasingly uncertain with the lack of agreement between the shareholders - The decision is postponed to 2024, with a meeting set for early January
The tug of war between the Government and the unions continues. The Government ensures business continuity, but postpones everything to a new meeting, the unions are not on board: "We will not leave Palazzo Chigi until we have answers"
The 24-hour national strike called by Sim, Fiom and Uilm called to ask the government for a meeting and a turning point in the negotiations. Unions summoned to Palazzo Chigi
The President of the Steelworks of Italy (formerly Ilva) is one step away from resigning and has communicated to Minister Urso his intention to leave if the Government does not save the company by financing it as requested
“Without investments there is no future” said the president of Acciaierie d'Italia Franco Bernabé. Palazzo Chigi has called the unions for Wednesday 27 September in view of the 24-hour strike on Thursday
The decline of the former Ilva of Taranto is there for all to see but Minister Urso does not yet have a recovery plan and above all he seems to be unaware that without new governance and a new guide to cancel the flop…
The cost of gas? An "unsustainable" burden for the former Ilva. The president of Acciaierie d'Italia Franco Bernabè speaks of the "dramatic situation of the company"
The Mef has prepared the disbursement of 680 million for Invitalia. The latter will transfer them to Acciaierie per l'Italia.
Emma and Antonio: the operation allows us to become a significant player in Europe and fulfill the dream of our father Steno who wanted to invest in the primary production of steel. How will the operation affect the ex-Ilva match?
The metalworkers' unions ask Invitalia and MiSE for a meeting to learn about the methods and objectives of the financing to Acciaierie d'Italia envisaged in the Aiuti bis decree
The government passes the Aiuti bis decree which contains, among other things, the advance of the revaluation of pensions, the cut of another point of the tax wedge below 35 thousand euros, the discount on the bill and the "save Ilva" rule
In view of the June 22 meeting at the Mise, the union asks the government to intervene with clear indications to allow the plant to raise production
Everything postponed to 2024 pending the hoped-for hot release from seizure of the area. ArcelorMittal remains 60% of the former Ilva, Bernabé and Morselli confirmed at the top
Alarm from the unions on the former Ilva after a new accident at work: they ask for "a clear stance from the Government", but the origin of the troubles is upstream. Ask Conte
No agreement at Monday's meeting - Now Acciaierie d'Italia will be able to decide unilaterally on numbers and routes: exactly what the Ministry of Labor wanted to avoid
The meeting will be held today at the ministry of labour, but the company has already announced the one-year extraordinary CIA for 3 employees - The unions ask for a step back
The former Ilva will not pass under the control of the Italian state in May, through Invitalia, because the three conditions agreed by the Conte government with ArcelorMittal are missing
The group, through its subsidiary NextChem, will carry out a feasibility study relating to the use of circular gas in the Taranto steel plant, obtained with chemical recycling technology
The union asks the government and the company to return to the negotiating table as foreseen at the summit at the end of July, when the negotiations on the plan had been postponed until after the new board of directors took office - Meanwhile, Minister Giorgetti opens…
According to the judges, the reasons for the blockade ordered by the mayor of Taranto were not such as to constitute "serious and imminent danger to the population"
In a few days, the top manager Franco Bernabè, former number 1 of ENI and Telecom Italia, will assume the presidency of the former Ilva: for Italian taxpayers this is good news and a guarantee of professional rigor but because the troubled iron and steel group…
the French-Indian giant and Invitalia have finalized the agreement for the public-private partnership. ArcelorMittal Italia changes its name to Acciaierie d'Italia and soon Bernabè will be the new president
In a report on the disputes in the engineering sector, Fim Cisl sounds the alarm: 56 jobs at risk linked to the 47 national and 52 regional tables - Steel and aluminum are worrying, but the dangers in other sectors are also…
The French-Indian group accuses Invitalia of not respecting the commitments on the payment of the public fee, but then reassures the unions. The moves of the new government, which will rethink Conte's road map, are decisive.
The plan provides for two capital increases - After the second, to be held in May 2022, 60% of Ilva will be in the hands of the State - Guaranteed the reabsorption of all workers and a maxi-process of decarbonisation but…
The state's entry into Ilva leaves the command posts in the hands of Mittal's French-Indians and in particular the controversial CEO Lucia Morselli, who incredibly would like to choose managers "from the shoes" - It would be good if the Government listened instead...
Another 400 million euros of all citizens to burn in the Ilva of Taranto: it is the entrance ticket that the State will have to pay through Invitalia - But with what strategy and with what management skills? - You don't…
Preliminary agreement signed: the final signing is scheduled for December 11 - Initially, Invitalia and AM InvestCo will each have 50% of the new Ilva, but in 2022 the State will rise to 60% - All job posts guaranteed Work
A strike for ArcelorMittal's steel workers throughout Italy has been proclaimed by Fim, Film and Uilm to protest against the management of the plants and ask for clarity on the future - Presidiums, initiatives and press conference of the secretaries are planned…
The Government is now certain of an entry into the capital of ArcelorMittal Italia, and promises to maintain 100% of the workforce. The concerns of the trade unions.
INTERVIEW with ROBERTO BENAGLIA, new secretary of the metalworkers' union - "It's time to tighten the collective agreement, let's not delude ourselves that the Recovery Fund is enough" - "Ilva crisis: in Puglia the electoral campaign is over, the Government no longer…
"One of the most difficult periods in our history", is Lakshmi N.Mittal's comment on the half and second quarter accounts - Steel demand plunges due to covid, but Aditya Mittal hopes for a recovery in Europe thanks…
In the question time in the Chamber, the Prime Minister explains that "a new corporate structure" is being worked on - The Simplifications decree is coming: "It will be the mother of all reforms"
Economy Minister Roberto Gualtieri defines the plan presented last week by Arcelor Mittal - Bentivogli (FIm-Cisl) as "inadequate": "Company tears up agreements and presents bogus plans. Government is the guarantor of industrial commitments"
ArcelorMittal presented a plan for Taranto that reneges on the commitments previously made, revisiting it - according to the French-Luxembourg company - due to the Covid-19. Bentivogli (Fim Cisl): "Only an alibi". Government divided on the solution - Tuesday 9 June strike in all…
Production almost completely stopped in Novi Ligure and Genoa, Taranto also slows down - The number of workers on layoffs has expanded - Bentivogli and D'Alò (Fim-Cisl): "Covid-19 cannot be an excuse to dismantle the former Ilva"
The controversy grows after the agreement signed between the commissioners and ArcelorMittal. The industrial plan is ambitious, but in fact it will allow the group to leave Taranto by the end of the year by paying a penalty of 500 million - Bentivogli: "The taxpayers will pay"…
The agreement between ArcelorMittal and the commissioners has been signed - In a joint note, the CGIL, CISL and UIL speak of "too many unknown factors" both on the Government's strategy and on the plans of the investors - "The agreement risks being unsustainable" - Also in the field…
The mayor of Taranto has signed an ordinance requiring the identification of the plants affected by the emission phenomena within 30 days, otherwise activities will have to stop - The agreement between the commissioners and Arcelor could be postponed to next week
The just transition mechanism was presented, part of the 1.000 billion euro EU Green Deal - 364 million to Italy - Four Regions where this money could be spent starting from Puglia, engaged in the relaunch of the former Ilva…
The Court of Review overturns Judge Maccagnano's decision and agrees with the commissioners, who will now have 14 months to automate the casting of cast iron
The Taranto steelworks, in extraordinary administration, has reached a pre-agreement with the French-Indian group to gain another month's time - Three points: green steel, investments and employment - Hearing postponed to 7 January.
In the draft of the Taranto decree which should be presented on Friday 20 December in the Council of Ministers, a fund of 50 million euros is foreseen for former Ilva workers, 100% relief for those who will take on the redundancies of the polo…
The shutdown procedures will begin on Monday 14 - ArcelorMittal has already requested layoffs for 3-500 workers - Patuanelli announces that the State will invest one billion
The company has summoned unions after the court's decision to reject the request to extend the use of Blast Furnace 2.
The billion that the Mittals would be ready to pay to get rid of Taranto is not a completely far-fetched hypothesis because the Ilva case is unfortunately a jungle - To relaunch the largest steel plant in Europe, managers would be needed…
During the table at the Mise, CEO Lucia Morselli announces 2.900 redundancies already for next year, 1.800 by 2023 - Production rises to 6 thousand tons of steel - Unions: "There are no conditions for an agreement" - Conte : "We reject…
INTERVIEW WITH RICCARDO GALLO, President of the Observatory on engineering companies at Sapienza and former vice president of IRI - "Public intervention is not good for the economy or for companies" - "When too much money circulates, it poisons the company " - The case of Ilva and…
In a document, the ISDE organization asks to evaluate the conversion of the plants to protect and protect the health of the people of Taranto. The examples that come from abroad
Restart of production in Taranto and new industrial plan in exchange for layoffs, postponement of the judicial hearing and involvement of the public system: these would be the starting terms of the confrontation that restarts between the Government and ArcelorMittal after the summit…
Majority summit this morning on the reform of the Mes: Conte focuses on the postponement but Gualtieri disagrees - In the afternoon the Premier meets the Mittals hoping for a thaw on Ilva
The political contradictions on the penal shield and the overlapping of judicial actions seem to distance a solution for the crisis of the tormented Taranto plant
The company suspends the shutdown of the Taranto plant pending the Milan judicial hearing on November 27 - Guardia di Finanza in the ArcelorMittal offices in Taranto and Milan
INTERVIEW WITH CLAUDIO DE VINCENTI, former Minister of the South - "The closure of Taranto would be a tragedy for the city" and not only that but the Government should clarify its objectives - "Milan should not be criticized, but imitated" - A Manifesto…
Urgent appeal by the commissioners against the decision of the French-Indian group to leave Taranto - The Milan prosecutor's office opens an investigation - Another appeal in Taranto against the "sabotage of the national economy" - Conte: "No to closure, Arcelor will pay the damages"
The Ilva crisis has repercussions on the country's general credibility and the BTP suffers while the spread with the German Bund widens to almost 170 bp - The markets are still betting on the approach of peace on tariffs
Dramatizing move by the French-Indian group which initiates the shutdown of the blast furnaces in Taranto and prepares the definitive closure of the plant for January - Unions on a war footing, government displaced
The Apulian governor had reported an interview he had with the CEO of the French-Indian group, but sources close to the company deny it. The company closes the ribbon 2 train on November 26th. Presidium of associated companies at the Mise: another 6 jobs at risk…
ArcelorMittal says it is ready to manage the Taranto plant until May, when the withdrawal request will be discussed in court, but 5 redundancies remain on the table - However, there is room for negotiation
The company presented the act of withdrawal from the contract to the Court - Prime Minister Conte fails to convince the M5S rebels to reintroduce the penal shield and the Government thus loses the only weapon to track down the French-Indian company
The impasse over Ilva and the difficulty of restarting the Italian economy are also weighing on the yields of government bonds and widening the spread of BTPs with German Bunds - The Stock Exchange and two-speed banks are cautious.
On Ilva, the electricity nationalization operation carried out in 1962 at the dawn of the centre-left cannot be replicated in the least: that's why.
According to the CEO of Intesa Sanpaolo, there is still scope for negotiating with ArcelorMittal on Ilva but, if not, a nationalization Plan B must be ready
The sale of the Unicredit stake in Mediobanca opens up new scenarios but keep an eye on Generali, a heritage that Italy cannot lose - The battle over Ilva is even more difficult, which revealed the unreliability of ArcelorMittal but even more so of the Five…
VIDEO - Frost between the Government and the company, which confirms the intention to leave the Taranto plant - But the Premier demands compliance with the contracts - It is a question of the penal shield - Strike by Fim, Fiom and Uilm
The Economy Minister spoke on the case of the former Taranto steel mill echoing Draghi: "A serious country must do everything possible" - Prime Minister Conte excludes Jindal's return to the game: "ArcelorMittal respects the commitments made".
The French-Indians want to return the former Ilva to the state. At the basis of the decision there would be primarily the government's about-face on the penal shield, removed in extremis from the Salva Imprese decree
After the second cancellation of criminal immunity, Arcelor Mittal could follow up on threats to close the plant - More than 5 workers are at risk - Here's how we got to this point
The largest steel plant in Europe loses almost two million euros a day and the appointment of Morselli as new CEO seems to herald shock decisions
The provision is bogged down by the government crisis and there are now only a few days left to approve it: the Taranto steel mill risks closing on 6 September
The government falls and with it the latest decrees, approved "subject to agreements": they are not operational without the definitive go-ahead
Arcelor Mittal will benefit from the protections only if it respects the timing, criteria and methods of execution of the environmental plan - In the same decree also the news on riders and Whirlpool
According to the Fim Cisl secretary, this is "a further tile to be added to the 1.400 workers in the Cig since 2 July, to which another thousand could be added precisely because of the seizure of Afo2"
After the death of the worker Massaro, ArcelorMittal undertakes to create a task force to identify and resolve dangerous situations - Bentivogli: "Idle maintenance, unsafe conditions and dozens of accidents, is no longer tolerable".
Marco Bentivogli, the leader of the Fim Cisl, highlights three major risks for the future of the Taranto plant: the unlimited use of the Cig for 1.400 workers, the uncertainty about the penal shield and the decision of the Public Prosecutor's Office to shut down the blast furnace 2
Fabio Riva, one of the members of the family who formerly owned Ilva, was acquitted of bankruptcy charges due to the collapse of the steel plant because the fact did not exist
Thumbs down by the grillini to the rescue plan of the Ligurian bank devised by the Interbank Fund: Di Maio and his partners push for nationalization at the expense of taxpayers
After the revocation of the rules on immunity for previous environmental crimes, the multinational considers it impossible to manage the large Ilva plant in Taranto and issues an ultimatum to the Government: "Either change the rules or the plant will close on 6 September" - The reply…
The premier engaged in the Table for Taranto in the Prefecture confirms the rule included in the Growth decree despite the complaints of Arcelor Mittal -
After the sensational own goal of the cancellation of the rules on the previous non-punishability of Arcelor Mittal for Ilva, the Five Stars today present an ambiguous plan for the "economic reconversion" of Taranto which could lead to the definitive closure of the steel plant
The provision modifies the legal protections linked to the fulfillment of the environmental plan and this can prevent the achievement of the objectives agreed in the contract
ArcelorMittal announces the need to resort to layoffs for 13 weeks. The crisis has already led to reductions in production in Poland and Spain as well
Stop production in Poland, cuts in Spain - On Italy, the company assures: "Our goals will not change", but the expected increase in production will slow down
Corrado Carrubba, Piero Gnudi and Enrico Laghi presented their resignations to the Mise - Di Maio: "A hour the new commissioners, phase 2 begins" - Ok EU to Liberty House as suitable purchaser of several ArcelorMittal steel plants
Arcelor Mittal's plan is proceeding: environmental objectives met, while 62 jobs are still missing on the employment level - Bentivogli, Fim-Cisl: "Building the prospects for a change of pace"
Having completed the procedure which now leads to the birth of a new pole placed on the international market and allows Arcelor Mittal to acquire the largest steel plant in Europe: "The fulcrum of our investment commitments is the share of…
