Overview
- The Strasbourg court heard rival bids from Europlasma and a Métal Blanc–led consortium on Wednesday, with a ruling expected Monday.
- Europlasma proposes to take several sites and would reportedly retain only 75 of 450 jobs at Hagondange, while the rival offer covers only the Leffrinkoucke/Dunes plant.
- Judges pressed both bidders to provide concrete funding commitments and could order liquidation if neither plan is deemed viable.
- About 760 jobs are at risk as Novasco undergoes its fourth judicial recovery since 2014.
- Employees rallied in Strasbourg as unions planned blockades later this week and representatives prepared to meet the industry minister, who has warned the outcome will be difficult.