ROME (Reuters) - The Italian cabinet will pass a decree on Friday to keep Europe’s biggest steel plant ILVA open, according to a union source present at a meeting between the government and company management to secure its future.
“Tomorrow we will bring a decree to the cabinet of ministers,” Prime Minister Mario Monti said, according to a union source present at the meeting.
“It will be rigorously enforced,” Monti added.
Monti and key ministers met with company management on Thursday to hammer out a plan over the future of the plant, threatened with closure and the loss of 20,000 jobs over an alleged environmental disaster.
Reporting by Naomi O'Leary