Italy tries to convince world's largest steelmaker to stay
Read full article: Italy tries to convince world's largest steelmaker to stayFILE - This Aug. 17, 2012 file photo shows a steel plant in Taranto, southern Italy. Worried about big job losses, Italys government met Wednesday, Nov. 6, 2019, with Indian steel baron Lakshmi Mittale and other company executives to try and convince ArcelorMittal, the world's largest steelmaker, not to pull out of a deal to acquire the steel plant in southern Italy. (AP Photo/Paola Barisani, file)ROME Worried about big job losses, Italy's government is trying to convince steelmaker ArcelorMittal not to pull out of a deal to acquire a plant in southern Italy. Officially, the world's largest steelmaker is nixing the Taranto factory deal because Italy reneged on an arrangement to give the company immunity from prosecution for any environmental damage. Union leaders have called a strike at the Taranto plant.