August 6, 2018 / 2:36 PM / 9 months ago

Italy deputy PM says talks on Ilva with Arcelor suspended until new jobs offer

FILE PHOTO: The ILVA steel plant is seen next to the Tamburi district, in Taranto, southern Italy April 27, 2018. REUTERS/Tony Gentile/File Photo

ROME (Reuters) - The Italian government does not plan to continue talking with ArcelorMittal on its planned takeover of Ilva until the Luxembourg-based steel giant makes a new proposal on its jobs plans for the Italian steelmaker.

“We will not call a meeting if there are not signals (..) for a better offer on the jobs front,” Deputy Prime Minister Luigi Di Maio told reporters at the end of a meeting with ArcelorMittal and Ilva’s unions.

However, he added that he still hoped for a new meeting later this week. ArcelorMittal won a tender to buy Ilva in 2017 and had been due to takeover the firm in July, but the purchase was delayed at the request of the newly installed government.

Reporting by Francesco Guarascio; Editing by Crispian Balmer

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