Mittal, France reach deal over threatened steel plant | Bangkok Post: news

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Mittal, France reach deal over threatened steel plant

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French Prime Minister Jean-Marc Ayrault announced a deal with steel giant ArcelorMittal on Friday which he said saved part of a massive plant that had been threatened with closure. 

French Prime Minister Jean-Marc Ayrault announced a deal with steel giant ArcelorMittal which he said saved part of a massive plant that had been threatened with closure.

But unions at the plant denounced what they described as a betrayal by the government, saying they had backed down on a threat to nationalise, and wanted to know what had happened to a possible buyer mentioned by one minister.

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