Tuesday, November 27, 2012 2:02 pm
France's Hollande meets steel firm chief amid spat
The Associated Press
Industrial Recovery Minister Arnaud Montebourg earlier this week accused the company of lying to the government over its plan to shutter a blast furnace in the northeast town of Florange, threatening some 600 jobs.
The minister later sought to tone down his comments, telling reporters that ArcelorMittal's presence in France "was not in jeopardy."
Hollande met with CEO Lakshmi Mittal on Tuesday to discuss the issue. Hollande said the government would consider nationalizing the plant to save it.
"It is part of the subjects of discussion," he said, according to the news agency Sipa.