France Won't Accept Rio Tinto Alcan Plant Closure

July 18, 2012
'This is a profitable site, we do not accept this decision.'

France's Minister for Industrial Renewal Arnaud Montebourg said Wednesday the government will not accept the closure of aluminum giant Rio Tinto Alcan's plant in eastern France.

The Canadian firm, a subsidiary of Anglo-Australian mining giant Rio Tinto, announced in June it would make a decision on the future of the smelter in Saint-Jean-de-Maurienne, which employs 600 people, at the end of September, indicating it was looking for a buyer.

"This is a profitable site, we do not accept this decision," Montebourg said on France Inter radio. "We will enter into discussions with them in a way that will be pretty firm.

"Where companies are making money and obviously abusing the situation, we will hold very tough negotiations, which for us must lead to a reversal," he said.

France's new government is struggling to kickstart the country's stagnant economy and protect jobs threatened by its high labor costs.

Copyright Agence France-Presse, 2012

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2024. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.

Sponsored Recommendations

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!