Italy court upholds Ilva steelworks shutdown
Italiys top court has upheld an order to shut down the former Ilva steelworks over environmental concerns. The ruling delivers a major setback to Prime Minister Giorgia Melonis government.
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Italy's Supreme Court upheld a lower court order to shut down blast furnaces at the former Ilva steelworks in Taranto, dealing a $5.6B blow to government rescue efforts. The ruling adds uncertainty for 8,000 direct employees less than a year before the general election. Prime Minister Giorgia Meloni faces severe complications in finding a private buyer for the country's largest steelmaker.
