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French steel furnaces mothballed amid ‘broken promises’ by Hollande

French President Francois Hollande: ‘Broken promise’  AP/JACQUES BRINON

As gas lines to blast furnaces at a small-town plant are gradually cut off on Wednesday, it marks not just the end of an era, but for many workers, a “broken promise” by French President Francois Hollande.

Posted: April 25th, 2013 in Latest Business Stories,Photos & Videos | Read More »

France’s Hollande threatens nationalization in Mittal row

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French Minister for Industrial Recovery Arnaud Montebourg leaves Pollutec, an international exhibition of environmental equipment, technologies and services, in Lyon, central France, Tuesday, Nov. 27, 2012. Many European countries with lagging economies are trying to draw in foreign investors. But in France, a Socialist minister says he wants to kick the world's biggest steel maker out of the country, accusing it of lying to the government.  AP PHOTO/LAURENT CIPRIANI

PARIS—French President Francois Hollande threatened Tuesday to nationalize a plant owned by steelmaker ArcelorMittal in an increasingly heated dispute in which ministers have said the multinational is no longer welcome in the country.   Moments before talks steel tycoon Lakshmi Mittal, Holland said that nationalizing ArcelorMittal’s plant in northeastern France remained on the table.   [...]

Posted: November 28th, 2012 in Latest Business Stories | Read More »

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