22 Jul, 2021, 3:52 am
Luxembourg Times reported that the embattled Liberty Steel plant in Dudelange in Luxembourg has secured payroll for two more months, with a takeover of the site by its former owner ArcelorMittal unlikely. Luxembourg’s Economy Minister Mr Franz Fayot updated members of the Parliament s economic committee on the future of the Liberty Steel plant. Mr Fayot told lawmakers that payroll for July and August has been secured. The site currently operates at reduced capacity with staff on partial unemployment because of a lack of funds to purchase raw materials. However, Mr Fayot told lawmakers there was no indication that the European Union’s competition authorities would consider an exception and allow former Dudelange plant owner ArcelorMittal to repurchase the site.