Giovedì, 20 Settembre 2018

Commissioner possible for Riva Acciaio, says Zanonato


Rome, September 13 - The Italian government is
looking for a way to keep the troubled Riva Acciaio steel
company in business despite its owners financial and legal
difficulties, Industry Minister Flavio Zanonato said Friday.
That might involve finding a governmenta-appointed
commissioner, he said.
The cabinet will weigh that "hypothesis" as it considers
possibilities for keeping the enterprise active, he said.
Riva Acciaio on Thursday announced it had halted all of its
operations barring those at a huge plant of the ILVA steel
company in Taranto that has been at the centre of a huge
environmental scandal and legal wrangle.
The blockage involved some seven Riva-related plants where
1,400 people are employed, according to the Riva Acciaio
statement, which said the decision had been made based on a
seizure order from a Taranto court.
The move came after around one billion euros in assets were
seized from the Riva family.
The Italian government has worked hard for more than a year
to keep the Taranto plant operating.
It employs about 12,000 workers in a region that has
struggled with high unemployment.
Since July 2012, various court orders have demanded partial
closures of the steel mill while it brings in major
environmental improvements.

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