France and the Changing Face of Economic Power
The recent statement by France’s minister for industrial Recovery is not going to help France to continue to attract investment from the growth economies. Minister Arnaud Montebourg told French business daily Les Echos that, “We no longer want Arcelor Mittal because they do not respect France.”
“We no longer want Arcelor Mittal because they do not respect France.”
Mittal had announced plans to close two blast furnaces at its steel plant in Florange, breaking a promise made by CEO Lakshmi Mittal when Mittal Steel took over Arcelor in 2006 at a cost of 26.9 billion Euros. However, much has happened to the world since then and the industrial landscape is still changing rapidly.
Are such outbursts really going to help attract much needed investment into France? The Mittal Group currently employ over 20,000 people there and certainly many other European countries that would welcome Mittal Group’s presence.
You may have an interest in also reading…
Ezio Lattanzio: Building Public-Sector Transformation With Discipline, Independence, and Purpose
In a consulting world often driven by scale, speed, and fashionable narratives, Ezio Lattanzio has built a different kind of
Barış Öney is a Man of Many Talents — and Apparently Endless Energy
The founder of Globalturk Capital, Barış Öney, has many strings to his bow — and many successes to his name.
Heike Arbter: Finding the Right Talent — and Retaining It
CFI.co in conversation with Heike Arbter, head of Raiffeisen Certificates. Raiffeisen Certificates is a leading Austrian certificates provider in the
