UNIONS CONDEMN TAKEOVER MITTAL/ARCELOR BID.
| Position | European Metalworkers' Federation, Mittal Steel Company N.V. - Brief article |
The European Metalworkers' Federation (EMF) has condemned Mittal Steel's multi-billion euro hostile takeover bid on European steel giant Arcelor. The union claims that a takeover would "threaten to decrease the number of jobs in the steel industry" and endanger the "extraordinarily high standard of industrial relations" enjoyed at Arcelor. The move has also attracted hostile reactions from governments in...
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