FE Editorial : Say oui, to industry
Sadly, Hollande’s anti-business credentials may have taken a new turn with the row over ArcelorMittal’s Florange blast furnaces. Hollande, it is true, hasn’t been anywhere as crude as Arcelor’s then chief who described Mittal’s shares as “monkey money”, nor has he endorsed his industry minister Arnaud Montebourg’s line of vowing to expunge Mittal from France for daring to lay off 629 workers at the Florange furnaces. While Hollande has given Mittal various options and his office has said the discussions will continue, FT reports France is firm the furnaces have to be redeveloped or the entire Florange operations will be taken over by the state till a new buyer is found. Mittal wants to close two mothballed blast furnaces at Florange while continuing to operate that part of
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