Europe

French unions rage at Hollande over Mittal deal

Unions accuse French president of betrayal after he backs away from nationalising steel plant.
Last Modified: 01 Dec 2012 21:38

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.

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