Hard times for Italy: the Ilva steelworks in Taranto closes.

In recent weeks, Arcelor Mittal, a multinational that acquired the former l'ilva in 2012, terminated the contract by sending 10,000 people home. The interruption of steel production, in addition to the unemployment of people, creates a 1.5% decrease in GDP: a disaster in terms of economy. The reason for the termination of the contract, according … Continue reading Hard times for Italy: the Ilva steelworks in Taranto closes.