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…
Raiffeisen Certificates: Two Decades of Passion, Precision and Purpose
Built on passion, guided by prudence, and sustained through innovation, Raiffeisen Certificates has become one of Central Europe’s most trusted
ESG Leadership Trends, from ‘Woke Capitalism’ to ‘Quiet Sustainability’
This is no time to get distracted, argues Fabrizio Ferraro — sustainable impact will bring the lasting change we need…
Cement Recycling: a Breakthrough for More Sustainable Construction
Reuse and recycle — it makes sense, even in the most basic steps of the building trade… The global construction
