Steelworkers strike against job cuts at Italy's Terni plant

lunedì 28 luglio 2014 18:06
 

* A plant worker goes on hunger strike

* Analyst says restructuring of Terni will help industry

* Italy's steel, industrial sector under pressure

By Silvia Antonioli and Maytaal Angel

LONDON, July 28 (Reuters) - Hundreds of workers downed tools on Monday at Italy's largest stainless steel plant in Terni in opposition to a restructuring plan, under which about 550 jobs would be cut and production halved.

Italian union FIOM said the strike started on Monday and that more protests would take place until the government intervenes to mediate with management of the Acciai Speciali Terni (AST) plant, owned by German steel group ThyssenKrupp , and push for a revision of the plan for the site in central Italy.

ThyssenKrupp earlier this month presented the plan to cut about a fifth of the Terni staff and 100 million euros ($135 million) in annual costs.

Failure to meet the cost-saving target would result in the closure in 2016 of one of the two furnaces at the site, each of which produces up to 600,000 tonnes of stainless steel a year.

"The situation is more dramatic and uncertain than ever," FIOM national secretary for the steel sector, Rosario Rappa, said.   Continua...