Ilva, now known as Acciaierie d’Italia, is heading towards extraordinary administration for the second time in the last nine years. Invitalia has sent a request to the Ministry of Enterprises and the Made in Italy to initiate the process.
Invitalia requests extraordinary administration for Acciaierie d’Italia
Invitalia, the national agency for inward investment and economic development, has submitted a request to the Ministry of Enterprises and the Made in Italy to put Acciaierie d’Italia, formerly known as Ilva, under extraordinary administration. This move comes as the company faces severe financial difficulties and struggles to meet its environmental obligations. It is worth mentioning that this is the second time in the last nine years that Acciaierie d’Italia has undergone extraordinary administration.
ArcelorMittal responds with a request for an agreement
ArcelorMittal, the majority shareholder and foreign investor in Acciaierie d’Italia, has reacted to Invitalia’s move by requesting a concordat, a formal agreement with creditors aimed at restructuring the company’s debt. The company has expressed surprise and disappointment over Invitalia’s decision to initiate the process of extraordinary administration. ArcelorMittal emphasizes that it has no intention of investing additional resources in the company.
Uncertainty for the workers and negotiations at Palazzo Chigi
The request for extraordinary administration by Invitalia has created uncertainty among the workers, especially for the approximately one thousand employees in Cornigliano. The unions have tried to negotiate with the government at Palazzo Chigi, the official residence of the Prime Minister, in the hopes of finding a favorable solution to secure the workers’ jobs and the future of the company.
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Government discusses the plan with unions and industry associations
In response to the request for extraordinary administration, the government has held discussions with unions and industry associations representing the steel industry in Taranto. The meetings aim to outline the government’s plan and address the concerns of the workers and stakeholders in the sector.
Failed negotiations with ArcelorMittal
The recent negotiations with ArcelorMittal, the majority shareholder, have ended without a resolution. This has further complicated the situation for Acciaierie d’Italia, as the company seeks a way forward amidst its financial and environmental challenges.
“Invitalia has sent a request to the government to initiate the process of extraordinary administration for Acciaierie d’Italia, formerly Ilva.”/Blockquote>
Summary:
- Invitalia has requested extraordinary administration for Acciaierie d’Italia.
- ArcelorMittal has responded with a request for a concordat.
- There is uncertainty among the workers, with negotiations taking place at Palazzo Chigi.
- The government has discussed the plan with unions and industry associations.
- The negotiations with ArcelorMittal have failed.