1,400 jobs under threat as Italian steel giant shuts over legal row
MILAN (AFP) - Italian steel giant Ilva said it was being forced to suspend operations at seven plants on Friday and send 1,400 workers home because of a long-running legal row.
The Riva family that owns the company is under multiple investigations for fraud and toxic pollution at its main plant in Taranto in southern Italy.
It said it had to close the other plants too because of a decision by prosecutors to freeze its assets and current accounts with 916 million euros (S$1.54 billion).
Trade unions staged protests against the closures.