French unions rage at Hollande over Mittal deal

Posted on Saturday, December 1, 2012 by van nes

French trade unions accused President Francois Hollande of betrayal on Saturday after his government backed away from a threat to nationalize ArcelorMittal's Florange steelworks.

The Socialist government said on Friday it had won promises from ArcelorMittal to avoid forced redundancies and inject 180 million euros to develop the Florange plant, meaning it would no longer have to take over the site.

http://www.reuters.com/article/2012/12/01/us-france-arcelormittal-idUSBRE8B009E20121201

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