In a statement issued by the Ministry of Economy on the same day, it was stated that the proposed purchase aims to contribute to economic revitalization at the national level by reevaluating the industrial site. The plant, which has largely remained idle since Liberty Steel's bankruptcy in 2024, remained in the spotlight as approximately 100 employees continued to work within the technically bankrupt company.
Authorities reported that redevelopment plans for the site are still under evaluation, while confirming that various alternatives, including defense industry projects, are on the table.
The government's intervention prevents the sale of the site to private investors, ensuring its restructuring under public oversight and evaluation for strategic uses. This step is expected to contribute to the revitalization of Luxembourg's industrial infrastructure.
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