Hungary’s largest steel plant faces crisis: Indian Liberty and Government clash over blame
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The National Economy Ministry has repeated its instruction to India’s Liberty Steel to pay its liabilities and stop hampering payroll transfers from the state’s Wage Guarantee Fund.
In a statement issued on Saturday, the ministry said the government was following the situation closely and had offered assistance on a number of occasions to allow the restart of production at the Dunaújváros steelworks, which Liberty acquired in a liquidation procedure, in spite of the difficult industry circumstances.
It added that Liberty has not done enough to fulfill its pledges, has repeatedly hindered payroll, and has failed to settle its liabilities with the state and its suppliers.
The ministry said that although Liberty has signalled that it is prepared to make payroll from the Wage Guarantee Fund, it has not done so until now.