PARIS Nov 30 Steelmaker ArcelorMittal
will invest 180 million euros in its Florange steelworks in
northern France under a deal with the government to save jobs at
two shuttered blast furnaces, Prime Minister Jean-Marc Ayrault
said on Friday.
Ayrault said the investment, to be made over five years,
meant there would be no layoffs at the site, although the two
blast furnaces would not be restarted for now given flagging
demand for steel in Europe.
"The government decided against the idea of a temporary
nationalisation," Ayrault told reporters, three hours before a
midnight deadline to strike a deal, adding: "There will be no