ROME - Italy's cabinet on Wednesday took the first steps towards temporarily nationalising the country's loss-making Ilva steel plant, one of the most polluting in Europe.
The site in Taranto in the Puglia region of southern Italy, which employs over 14,000 people, will be nationalised under a decree adopted by the cabinet, with the view to then putting it up for sale.
"Public intervention is necessary to save it," Prime Minister Matteo Renzi told journalist at a press conference.
AFP
