Taranto, Feb. 1 – They are frantic days for the largest steel plant in Europe, that ‘ Ilva who for years lived a stalemate and complete uncertainty as to its industrial future.
Starting tomorrow, many departments will stop : Train Tapes 1 was already day and tomorrow will stop even his twin Train Tapes 2, while the maritime installations (loading and unloading goods and raw materials) will work in fits and starts up to date to be decided. The stop of these and other lines is due to the lack of raw materials , caused among other things also by strike armature . Professional drivers are days in picket at the gates of the factory and, like many other companies working in the orbit of the steel plant tarantino, lament the delay in payments from the company. Are hundreds of millions of credit due, for which is being finalized an amendment -within the context of the decree on nationalization – that would guarantee at least 150 immediately.
Meanwhile, the Milan court declared the company insolvency reference . Ilva, the judges write in the judgment, 30 November 2014 “has a total debt amounting to € 2.913.282.000, negative working capital for about 866 million euro, a negative net financial position to 1.583 billion euro, a progressive reduction of shareholders equity and negative profitability management. ” The passage of the declaration of insolvency is needed to continue on the path of ‘ special administration , to ensure business continuity. This opens up the doors to the street of ‘ public intervention , already defined in November but still pending defined operational details.
Philip Burla
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