Italian PM says ArcelorMittal wants mass layoffs, government rejects demand

ROME (Reuters) - Steel giant ArcelorMittal wants to cut 5,000 jobs in Italy because of low production levels at its Taranto plant, Italian Prime Minister Giuseppe Conte said on Wednesday, denouncing the plan as "unacceptable".The mooted layoffs at the Ilva steelworks in Taranto came just two days after ArcelorMittal announced that it planned to pull out of a year-old deal to buy the Italian company. ArcelorMittal blamed its decision at time on the government's failure to renew a legal shield it..