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· Unless a buyer is found, British Steel’s 5,000 workers – most of them based in Scunthorpe, Lincs – and 20,000 jobs in its supply chain could go. Mr Clark is likely to face questions over why he approved a £120million loan facility weeks ago to enable the firm to meet an EU environmental bill. Sources said the money would likely be refunded.
Tata Steel has agreed a deal to sell its Scunthorpe site to a management buy-out backed by distressed debt investors Greybull Capital, saving 4,400 jobs. Greybull. will be renamed British Steel.
British Steel is planning to cut 400 jobs in countries including the UK under moves to. British Steel employs 4,000 workers in the UK, mainly in Scunthorpe, but also with plants in Teesside and.
Every effort will be made to save British. mainly in Scunthorpe, with another 20,000 employed by firms in its supply chain. Mr Corbyn said: The collapse of British Steel would have a devastating.
LONDON (Reuters) – Tata Steel agreed. open to save jobs after Tata, one of the world’s biggest steelmakers, said on March 30 it would sell its loss-making British business. As Tata formally.
Four months ago Tata announced it was cutting 3,400 jobs in England and Scotland – including 2,200 at Redcar, 900 in Scunthorpe. steel industry has asked us for action on energy prices – we’ve.
Battle to save British Steel jobs at Scunthorpe: "If we lose this turn out the lights" Workers leave the steelworks plant in Scunthorpe as owner British Steel goes into liquidation
Battle to save British Steel jobs at Scunthorpe: "If we lose this turn out the lights" By Alex Wood. yorkshirepost.co.uk – Workers leave the steelworks plant in Scunthorpe as owner British Steel goes into liquidation published: 18:46 wednesday 22 May 2019 Share this article "It’s the life.
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· British Steel went into compulsory liquidation in May, putting thousands of jobs at risk, mainly at its site in Scunthorpe. But unions say the total number of jobs at risk – taking supply chains into account – is more than 32,000.
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British Steel employs around 3,000 people in Scunthorpe and 800 on Teesside and in northeastern England; the rest of its workforce is outside the UK. As of Wednesday, none of those jobs had gone and all * *staff will continue to be paid.