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Taranto's Twilight: Redundancies, Raids & a Ruling That Rules All
Italy's biggest steel plant, the former Ilva in Taranto, is in deep trouble. The company running it, Acciaierie d'Italia, plans to cut 40 of its 51 top managers. Its blast furnaces are kept warm but not producing until 15 December while Italy's highest court decides if they can restart. Prosecutors want the former boss, Lucia Morselli, placed under house arrest over alleged pollution & emissions offences. Buyers must make firm offers for the plant by 8 November. Thousands of jobs depend on what happens next.
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