Arab Today, arab today french government attacked over threat to mittal
Last Updated : GMT 00:40:13
Arab Today, arab today
Arab Today, arab today

French government attacked over threat to Mittal

Arab Today, arab today

Arab Today, arab today French government attacked over threat to Mittal

Paris - AFP

The head of France\'s largest employers\' union on Thursday slammed as \"blackmail\" a threat by the state to take over a plant owned by steel tycoon Lakshmi Mittal, amid outrage in Mittal\'s native India that he was a victim of racism. President Francois Hollande has himself dangled the threat in talks with the billionaire, ranked 21st in the Forbes list of the world\'s wealthiest people, over the row on the Florange plant in the eastern Lorraine region. France has threatened to take over the plant if ArcelorMittal goes ahead with plans to permanently close two blast furnaces on the site that the company regards as uneconomic. ArcelorMittal, which wants to continue to operate the rest of the site, has given the government until Saturday to find a new investor willing to take over the furnaces. Laurence Parisot, the head of the influential Medef employers\' union, said the proposed move, first unveiled by Industrial Renewal Minister Arnaud Montebourg, was \"simply scandalous.\" \"If the aim through these statements is simply to exercise pressure, to engage in blackmail in the course of negotiations, it is unacceptable,\" she said on RTL radio. Parisot said it was not up to the state \"to start telling each company in France \'this is our strategy\'\" adding that only \"an entrepreneur can know if something is profitable or not.\" Former premier Alain Juppe, a heavyweight figure in the right-wing opposition, called for Montebourg to be sacked over remarks he deemed \"calamitous\" for the image of France. \"It is time to replace someone who is on his way to becoming the minister for industrial collapse,\" Juppe wrote in his blog. The case, a litmus test of Hollande\'s commitment to spur growth, create jobs and boost the low competitiveness of French industry, has created outrage in India with messages on social media networks saying Mittal would have been treated differently if he was a white man. Some of them also recalled the opposition he faced from Arcelor executives and French interests during his contested takeover of the company in 2006. \"This is not socialism, this is racism,\" the Indian site Firstpost said in an article. \"ArcelorMittal is not the first to cut jobs in France. Peugeot has announced 8,000 job cuts in France, Sanofi 900 and Carrefour 500-600,\" it said referring to blue-chip French companies. Hollande had dangled the threat of nationalisation just minutes before his one-to-one talks Tuesday with the India-born Mittal, which the government spokeswoman said had been \"frank and firm.\" ArcelorMittal argues that the blast furnaces at Florange are uncompetitive in current market conditions, partly because they are too far from ports for transportation. The company has warned that nationalisation of the plant would cast doubt on the future of all its operations in France, where it employs 20,000 people. The French government meanwhile wants the company to guarantee the estimated 650 jobs on the line. Montebourg caused controversy earlier in the week when he said Mittal was not welcome in France, comments that were quickly disowned by his colleagues and from which he subsequently backtracked. But the minister, widely regarded as a loose cannon whose mantra to promote \'Made in France\' has even seen him pose in a Breton sailor top for a popular magazine, said on Wednesday that an investor in the business is interested in buying Florange. \"We have a buyer, who is a steelman, an industrialist, who is not a financier, who wants to invest his own money and who is ready to put almost 400 million euros into renovating this plant,\" Montebourg told deputies. A group of socialist members of parliament has objected that Mittal does not have French interests at heart. The government\'s stance is being closely watched by investors and London\'s irrepressible mayor Boris Johnson seized upon the row to invite fleeing businessmen to the British capital. \"I see the sans-culottes appear to have captured the government in Paris. The French minister has been so eccentric to call for a massive investment to depart from France,\" he said, during a visit to India. \"I have no hesitation in saying here, \'Venez à Londres, mes amis!\' (Come to London, my friends),\" he said. \"Come to the business capital of the world.\" The \"sans-culottes,\" meaning without \"knee breeches\", were the most militant supporters of the French Revolution at the end of the 18th century.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today french government attacked over threat to mittal Arab Today, arab today french government attacked over threat to mittal

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday