Ilva faces closure if sale does not go through soon, trade union says

Lossmaking Italian flat steel producer Ilva is at risk of being closed down because it will run out of funds in September this year unless the country’s government speeds up its sale process, according to trade union Uilm.

The company has been losing €30 million ($35 million) per month and at the moment its funds only total around €60 million, Uilm added.

“This means that, in mid-September, the...

Published

Maria Tanatar

August 03, 2018

18:18 GMT

London