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Taranto’s Tumultuous Tryst: State Solace & Judicial Jolt
The Italian Senate approved one hundred point five million euros in additional funding for Acciaierie d’Italia. The loan must be repaid within six months of the lease expiry or asset sale. Repayment takes priority over other debts. The Court of Justice of the European Union ruled that Acciaierie d’Italia cannot access energy cost relief. The company qualifies as an undertaking in difficulty under European law. The Milan Court of Appeal upheld the suspension of the Taranto plant’s hot section until asbestos is removed. Subcontracted firms issued dismissal notices affecting over two thousand five hundred workers.
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