Hard times for Italy: the Ilva steelworks in Taranto closes.

° BLOG ° Gabriele Romano

Ilvasteelworks A Glimpse of the ilva steelworks in Taranto (Italy)

In recent weeks, Arcelor Mittal, a multinational that acquired the former l’ilva in 2012, terminated the contract by sending 10,000 people home. The interruption of steel production, in addition to the unemployment of people, creates a 1.5% decrease in GDP: a disaster in terms of economy.

The reason for the termination of the contract, according to the statements of the multination, would be that there is no longer any interest in continuing production in the Taranto area. But many have said instead that in reality the reason would be that the company would not want to submit to the rules of the Italian government, which has not renewed the penal shield. Many do not know, that the state, to guarantee the company to work comfortably, has put up criminal shields, to protect any seizures of the judiciary for environmental irregularities.


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