France to Support Liberty Steel’s Hayange & Ascoval Plant Workers
France to Support Liberty Steel’s Hayange & Ascoval Plant WorkersEU Reporter

France to Support Liberty Steel’s Hayange & Ascoval Plant Workers

French Finance Minister Mr Bruno Le Maire told France 2 that France will support employees of industrial sites if they end up being threatened by the

French Finance Minister Mr Bruno Le Maire told France 2 that France will support employees of industrial sites if they end up being threatened by the difficulties of finance firm Greensill Capital. He said “In any case, the state will stand behind these industrial sites and employees. The state would support employee’s at all three sites. If there is a financial difficulty, the state will be able to do the bridge, find alternative solutions. I have no worries over job losses.”

Liberty Steel Group had acquired the strategic French steel assets of France Rail Industry business Hayange located in Moselle in France and the Ascoval steelworks in Saint-Saulve in northern France, providing an initial EUR 65 million in new financing for them to enact its industrial plan, in August 2020. Hayange manufactures a wide range of steel rails for nationally significant infrastructure clients including France's national rail operator SNCF and the operator of the Paris metro system FtATP. The site employs around 430 people and produces annually 300,000 tonne of rails. Ascoval, which employs 270 people, uses an electric arc furnace and has a production capacity of an annual 600,000 tonnes of steel blooms, billets and other forged products from recycled scrap. Ascoval supplies semis to Hayange

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