Martedì, 25 Settembre 2018

Steel group says ILVA commissioner a 'dangerous precedent'


(see related story)
Rome, June 4 - The Italian government has created
''a dangerous precedent'' with its decision to appoint a
commissioner to take over management of ILVA's troubled Taranto
steel plant, the national steel-producers federation said
Its statement came hours after the government named
corporate troubleshooter Enrico Bondi as commissioner to clean
up and revamp the plant in southern Italy.
The appointment is likely to make matters worse, and
undermines free enterprise, said Antonio Gozzi, president of
Bondi, 78, ILVA's outgoing CEO, revived bankrupt dairy
group Parmalat before becoming spending-cuts czar for the
previous government led by technocrat Mario Monti.
His appointment was announced by Regional Affairs Minister
Graziano Delrio.
The government later noted that Bondi's appointment is for
at least 12 months and could be renewed for a period of up to 36
Delrio said that cabinet was still hammering out the
''final details'' on a decree to save Europe's biggest steel
plant while working to make sure it stopped polluting the Puglia
city nearby.

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