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ILVA set for deal on 3,300 lay-offs

3,240 in Taranto, 60 in Marghera

Redazione Ansa

(ANSA) - Rome, February 27 - 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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