Tag #British Steel

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UK Government Takes Control of British Steel

The UK government took emergency control of British Steel's Scunthorpe plant on Saturday, averting its closure and preserving 3,500 jobs after its Chinese owner, Jingye, refused to supply raw materials; Parliament was recalled for the first time in over 40 years to pass enabling legislation.

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politico.eu
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UK Government Intervenes to Save British Steel Plant

The UK government will temporarily take control of British Steel's Scunthorpe plant, saving 3,000 jobs, after its Chinese owner threatened closure due to financial losses, prompting a political debate and impacting upcoming local elections.

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news.sky.com
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UK Government Considers Nationalizing British Steel Amidst Plant Closure Threat

Facing potential closure next month, British Steel's Scunthorpe plant—the UK's last operating blast furnace—is at risk after its owner cancelled material orders; the government is exploring nationalization while considering economic and environmental factors.

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bbc.com
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British Steel's Scunthorpe Plant Faces Closure, Nationalization Considered

British Steel's Chinese owner, Jingye, is threatening to close the Scunthorpe plant, putting 2,700 jobs at risk due to cancelled coal shipments and unpaid iron pellets; the government is considering nationalization.

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elpais.com
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UK Averts British Steel Closure with Emergency Parliament Session

The UK government is holding an emergency parliamentary session to prevent the closure of British Steel's last two blast furnaces, saving 2,700 jobs, after unsuccessful negotiations with the Chinese owner, Jingye, amid rising global instability and US tariffs.

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politico.eu
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UK Parliament to Debate Emergency Legislation for British Steel

The UK parliament will recall on Saturday to debate emergency legislation to place British Steel under state control, preventing the closure of its Scunthorpe plant, which would threaten 3,000 jobs and leave the UK as the only major G7 economy unable to produce virgin steel.

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nos.nl
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Tata Steel Cuts 1600 Jobs Amidst European Steel Crisis

Tata Steel is cutting 1600 jobs (20% of its workforce) in IJmuiden, Netherlands, due to a €556 million loss and challenges in the European steel industry, prompting union resistance and raising concerns about the industry's future.

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dailymail.co.uk
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British Steel Faces Closure, Threatening 2,700 Jobs

British Steel plans to close its blast furnaces in Scunthorpe, potentially affecting 2,000-2,700 jobs, after rejecting a £500 million government subsidy due to unsustainable financial losses and challenging market conditions, including US tariffs.

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Showing 37 to 44 of 44 results