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Thyssen-Ilva, first light on the horizon

During the night, the German group signed the agreement with the trade unions proposed by the Government and aimed at withdrawing the mobility procedure for the 550 employees of the Ast site in Terni - As for Ilva in Taranto, commissioner Piero Gnudi closed the game with the banks for the disbursement of the 250 million bridge loan.

Thyssen-Ilva, first light on the horizon

Two positive news for Italian workers in the iron and steel sector. The first concerns Thyssen Krupp, which during the night signed the agreement with the trade unions proposed by the Government and aimed at withdrawing the mobility procedure for the 550 employees of the AST site in Terni.

"The discussion on the AST dispute in Terni ended overnight with TK withdrawing the mobility procedure and canceling the company supplementary agreements and with the willingness to discuss an industrial plan without preconditions", he wrote in a note. the national secretary of Uilm, Mario Ghini, specifying that meetings between the company and the trade unions will begin on 8 September at the Ministry of Economic Development. 

The objective of the new round table is to verify the conditions for an agreement that allows Thyssen to obtain the savings deemed indispensable: the German group's plan for Terni in fact envisages a cost cut of 100 million euros a year.

As for Ilva of Taranto, commissioner Piero Gnudi has closed the deal with the banks for the disbursement of the 250 million bridge loan, of which the first installment (125 million) will be paid by 12 September. There are five lenders involved, including Intesa and Unicredit. 

Since the second installment should arrive not long after the first, the top management of Ilva have decided that on 12 September employees will be paid, in addition to the August salary, also the quarterly installment of the performance bonus due.

As for Ilva's future, “we have encountered a lot of interest from international investors – said Gnudi – and this makes us optimistic. Ilva is an efficient plant and therefore we believe we can find a buyer who is up to it”. As for the timing of the operation, "it doesn't depend on us but also on others". 

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