French unions rage at Hollande over Mittal deal

Unions accuse French president of betrayal after he backs away from nationalising steel plant.

    French trade unions accused President Francois Hollande of betrayal on Saturday after his government backed away from a threat to nationalise ArcelorMittal's Florange steelworks.

    The Socialist government said on Friday it had won promises from the company to avoid forced redundancies and inject $233m to develop the Florange plant, meaning it would no longer have to take over the site.

    ArcelorMittal confirmed the details of the deal on Saturday, saying it would negotiate a voluntary redundancy deal with unions.

    Al Jazeera's Peter Sharp reports.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Assad to Putin: Thank you for 'saving our country'

    Assad to Putin: Thank you for 'saving our country'

    Russian and Syrian presidents meet to discuss strategy against 'terrorism' and political settlement options.

    What is behind the covert Israeli-Saudi relations?

    What is behind the covert Israeli-Saudi relations?

    Analysts say that the recent covert ties between Israel and Saudi Arabia are due to a new regional paradigm.

    Is Saudi Arabia becoming a danger to the region?

    Is Saudi Arabia becoming a danger to the region?

    We talk to US Congressman Ro Khanna about power politics and debate Mohammed bin Salman's new strategy for the Kingdom.