Steel Mills
September 5, 2018
Ilva Labor Deal Moves ArcelorMittal Purchase Toward Completion
Written by Sandy Williams
ArcelorMittal has moved closer to finalizing its acquisition of Italian mill Ilva Steel. The company announced on Thursday that it has reached a provisional labor agreement with Ilva’s trade union.
The agreement includes a commitment to employ 10,700 workers through 2020 based on their existing employment contract, as well as another 2,000 that remain employed under a separate agreement through 2023.
