Government Tries To Lure US Steel to Stay
In light of the planned departure of steel giant US Steel from its plant in Kosice, the government could try to lure the Americans into staying with more stimuli.
Economy minister Tomas Malatinsky admitted to daily Hospodarske Noviny that motivating the company with stimuli was an option, with the idea being to offer them a kind of compromise, with the actual form of stimuli still undecided.
There are fears that the new investor, potentially Ukrainian company Metinvest, might not maintain employment levels, with the plant and its contractors keeping around 7,000 people in work at present. Malatinsky noted that even the new investor could also be offered stimuli, if necessary in order to maintain jobs.