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Italy Today

Italian news in English

Wednesday, October 23, 2024

Uncertain Future for Ilva Steelworks

Published: 2024-07-26

The future of the former Ilva steelworks in Taranto remains uncertain as six potential buyers express interest in the facility, which is currently under government administration.

Companies such as Vulcan Green Steel, Metinvest, and Stelco Holdings are among those looking to acquire the largest steel plant in Europe.

However, concerns about job security loom large, with 5,200 workers at risk of layoffs.

Unions, including Fiom, Fim, and Uilm, are demanding guarantees for job preservation and a say in the bidding process.

A meeting at Palazzo Chigi with government officials and union representatives ended without resolution, highlighting the ongoing tensions between labor and the government regarding the plant's future.

The government aims to finalize the sale by the end of 2024, but the path forward remains fraught with challenges.