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Steelworkers face 'huge uncertainty' as Liberty collapses into government control
NEARLY 1,500 workers in Rotherham and Sheffield face “huge uncertainty” after Britain’s third-largest steelworks was placed under government control, unions warned yesterday.Creditors owed £100 million by Speciality Steels UK – part of the Liberty Steel metals empire of controversial tycoon Sanjeev Gupta — were granted a compulsory winding up order by insolvency courts on Thursday.
Mayor wants ‘swift progress’ as Liberty Steel placed into government control
South Yorkshire mayor Oliver Coppard said the workers at the Rotherham steel works in Sheffield to have had the “brightest” future. Speciality Steels UK will now be put into government control which has been appointed by the liquidator.
Speciality Steel UK has been pushed into compulsory liquidation, despite reported attempts for a deal. The government will ...
The move, which comes after a court-approved liquidation of Speciality Steel, is meant to preserve jobs and domestic ...
A union chief has called on the Government to nationalise Liberty Steel’s operations and run the firm themselves if a buyer ...
With a bank holiday weekend fast approaching, workers may only receive their wages on Tuesday unless payments are made as a ...
The UK government-run Insolvency Service confirmed it will be acting as the liquidator after a High Court ruling ...
City AM on MSN4hOpinion
Nostalgia won’t save the steel industry, no matter how hard Labour tries
As the government takes control of another beleaguered steel works, Eliot Wilson asks what, exactly, the long-term plan is?
The metals tycoon Sanjeev Gupta is plotting to hand control of his remaining UK steel operations to his family in a bid to ...
Government’s Official Receiver files application to appoint ‘special manager’ if business goes into liquidation ...
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