Iron and Steel: "on the Brink of the Abyss", Novasco Desperately Looks for a Pick-Up

Le Parisien

Lean Right

Factuality

Ownership

Just one year after its acquisition by a British investment fund, the Mosselan producer of special steels is at risk of being placed in a legal remedy again.

franceinfo.fr

Factuality

Ownership

Mobilization of employees of Novasco on Tuesday 22 July in front of their steel factory in Hagondange (Moselle). A year after they were taken over by the British investment fund Greybull Capital who wanted to make shells there, they blocked the site to protest the threats of judicial recovery or even of pure liquidation. 400 jobs are threatened.

republicain-lorrain.fr

Factuality

Ownership

Since Tuesday, July 22nd, 6am, the interunion has installed a filter dam at the entrance of the site NovAsco of Hagondange. Faced with the very problematic financial situation before which the group finds itself, the members of the interunion CGT-CFDT-CFE-CGC decided to block the entrances and exits of the heavy goods vehicles, until further order.