British Steel going into receivership after Government talks fail

British Steel is to go into official receivership after talks with the Government failed to secure its future.

The move threatens more uncertainty for thousands of workers at the company’s plants, mainly at Scunthorpe where more than 4,000 are employed.

British Steel’s owners Greybull Capital had been seeking financial support from the Government, saying it faced a number of Brexit-related issues.

Roy Rickhuss, general secretary of the Community trade union,...
source: Westmorland Gazette

2019-05-22 13:41
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