Troubled steel group ILVA is set
to clinch a deal for 3,300 lay-offs at two Italian plants
including the controversial one at Taranto in Puglia, sources
said Monday.
The deal, envisaging 3,240 lay-offs at Taranto and 60 at
Marghera near Venice, slashes the management's initial request
of almost 5,000 lay-offs, the sources said.
The Taranto plant is undergoing a turnaround and
environmental clean-up after raising cancer rates locally over
decades.
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