{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Serbian government says it will buy US Steel plant for $1' data-url='/boclips/videos/5c54bf0ad8eafeecae14024b' data-video-url='/boclips/videos/5c54bf0ad8eafeecae14024b' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nSerbian government says it will buy US Steel plant for $1\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eSmederevo1. Wide of US Steel plant  2. Close up of the plant, sign reading \"USS Serbian pride\"3. Close up of the chimney with smoke coming out 4. Wide of entrance to the plant5. Mid of workers and cars coming in and out6. SOUNDBITE...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eSmederevo\u003cbr/\u003e1. Wide of US Steel plant  \u003cbr/\u003e2. Close up of the plant, sign reading \"USS Serbian pride\"\u003cbr/\u003e3. Close up of the chimney with smoke coming out \u003cbr/\u003e4. Wide of entrance to the plant\u003cbr/\u003e5. Mid of workers and cars coming in and out\u003cbr/\u003e6. SOUNDBITE (Serbian) Dragan Kitanovic, worker at Smederovo US Steel plant:\u003cbr/\u003e\"I am sad that they are leaving but the situation is like that. I hope that we will continue to work and that we will find some strategic partner who will meet our needs.\"\u003cbr/\u003e7. Close up of the sign reading (English) \"US Steel Serbia - Energetics\"\u003cbr/\u003e8. SOUNDBITE (Serbian) Zvezdan Kostic, worker at Smederovo US Steel plant:\u003cbr/\u003e\"It is hard. They have been here so many years, I have no idea what will happen now.\"\u003cbr/\u003e9. Wide of plant\u003cbr/\u003eBelgrade\u003cbr/\u003e10. Wide of Misa Brkic, economic analyst of \"New Magazine\" in his office working on the computer \u003cbr/\u003e11. SOUNDBITE (Serbian) Misa Brkic, economic analyst at \"New Magazine\":\u003cbr/\u003e\"I think that the state has made a bad move, it took control over something it does not know how to run.\"\u003cbr/\u003e12. Cutaway logo \"New Magazine\"\u003cbr/\u003e13. SOUNDBITE (Serbian) Misa Brkic, economic analyst at \"New Magazine\":\u003cbr/\u003e\"Had there been any interest in the plant, US Steel would have sold it to someone for two dollars, however no one applied.\"\u003cbr/\u003e14. Brkic working\u003cbr/\u003e15. Wide of Serbian Prime Minister Mirko Cvetkovic and David Rintoul, US Steel Vice President of European Operations, arriving at news conference \u003cbr/\u003e16. Cvetkovic and Rintoul signing agreement and shaking hands \u003cbr/\u003e17. SOUNDBITE (Serbian) Mirko Cvetkovic, Serbian Prime Minister:\u003cbr/\u003e\"By signing this agreement the Serbian government has become the owner of the steel plant in Smederevo. This shows how serious the global economic crisis is and how big an influence it has on Serbia.\"\u003cbr/\u003e18. Cutaway of Serbian government sign\u003cbr/\u003e19. SOUNDBITE (English) David Rintoul, Vice President of European Operations, US Steel:\u003cbr/\u003e\"We are grateful for the support of the Serbian government and our Serbian colleagues. We are committed to assist with the transition so that the plant can run smoothly. It is indeed with a heavy heart today that we leave Serbia.\"\u003cbr/\u003e20. Wide of Smederevo mayor Predrag Umicevic talking to journalists \u003cbr/\u003e21. SOUNDBITE (Serbian) Predrag Umicevic, Mayor of Smedervo:\u003cbr/\u003e\"This quick and responsible decision from the Serbian government prevented Smederevo, with a population of more than 115 thousand, from going into an economic depression.\"\u003cbr/\u003eSmederevo\u003cbr/\u003e22. Various of plant in Smederevo\u003cbr/\u003eThe Serbian government on Tuesday bought a loss-making plant from US Steel for the symbolic sum of 1 US dollar, hoping to avoid its closure and keep 5-thousand-400 workers employed at a time of widespread joblessness and economic hardship in the Balkan country.\u003cbr/\u003eIn Smederevo, a sense of uncertainty prevailed, though the town's mayor Predrag Umcevic praised the government's \"quick and responsible decision.\"\u003cbr/\u003e\"It is hard,\" says Zvezdan Kostic, one of the plant's employees.\u003cbr/\u003e\"They have been here so many years, I have no idea what will happen now.\"\u003cbr/\u003ePrime Minister Mirko Cvetkovic said the deal was a forced move caused by the global economic crisis and that the government aims to restructure and resell the plant.\u003cbr/\u003eBut some analysts were sceptical. \u003cbr/\u003e\"The state has made a bad move, it took control over something it does not know how to run,\" said economist Misa Brkic.\u003cbr/\u003e\"Had there been any interest in that plant, U.S. Steel would have sold it for two dollars to someone,\" Brkic insisted.\u003cbr/\u003eCvetkovic formally signed the agreement with US Steel Vice President of European Operations, David Rintoul, in Belgrade.\u003cbr/\u003e\"It is indeed with a heavy heart that we leave Serbia today,\" said Rintoul, whose company bought the plant in Smederevo, about 60 kilometres (37 miles) southeast of Belgrade, for 33 million (m) US dollars (25 million euros) in 2003.\u003cbr/\u003eThe departure of the Pittsburgh-based giant is a blow for Serbia, whose cash-strapped economy already has been hit hard by the global crisis and a sharp drop in foreign investment.\u003cbr/\u003eOfficially, unemployment in Serbia is 22 percent but analysts say it is actually much higher.\u003cbr/\u003eUS Steel's management cited anaemic economic growth - both globally and in southeastern Europe - as well as high raw material costs as the causes of the problem.\u003cbr/\u003eCvetkovic said the government will now appoint a new general manager and seek to resell the plant. \u003cbr/\u003eHe suggested informal contacts have been made with potential buyers in Ukraine and Russia.\u003cbr/\u003eRintoul promised US Steel would assist in the transition period.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv 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