Business leader denounces “scandalous” French plan for ArcelorMittal site
PARIS (Reuters) – The head of France’s employers union branded government plans to take over ArcelorMittal’s Florange steelworks as “scandalous” on Thursday, leading the government to accuse her of overlooking the company’s practices. The government is locked in talks with ArcelorMittal on the fate of two blast furnaces at the site that the company plans to shut down unless it can find a buyer by Saturday. The case has been seen as a test of Socialist President Francois Hollande’s vow to stem a glut of layoffs and reverse years of industrial decline in France. . . .
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