Italy’s Ilva idles production lines due to low demand

Friday, 08 June 2012 17:34:18 (GMT+2)

Taranto, Italy-based steel producer Ilva, a part of Riva Group, has announced that it will halt operations at its electro-galvanizing line and coiling line No. 1 as of Sunday, June 10. The idling of the lines may last from just a few days to a maximum of four weeks.

Pietro De Biasi, responsible for industrial relations at Riva Group, commented that the halting of operations at the facilities was necessary due to worsening market conditions amid the international crisis, though he added that the company would avoid resorting to redundancy funds thanks to a worker relocation program and usage of accrued holidays.

 previous article  /  next article