Showing 1 to 11 of 11 results
Government Takes Control of Insolvent Speciality Steel UK
A High Court judge declared Britain's third-largest steelmaker, Speciality Steel UK, insolvent, resulting in a government takeover impacting 1,450 workers across three sites in Rotherham, Stocksbridge, and Wednesbury; talks are ongoing with trade unions regarding the workforce's future.
Government Takes Control of Insolvent Speciality Steel UK
A High Court judge declared Britain's third-largest steelmaker, Speciality Steel UK, insolvent, resulting in a government takeover impacting 1,450 workers across three sites in Rotherham, Stocksbridge, and Wednesbury; talks are ongoing with trade unions regarding the workforce's future.
Progress
52% Bias Score
Liberty Steel Faces Collapse: Gupta Attempts Last-Minute Rescue
Sanjeev Gupta is attempting a last-minute rescue of Liberty Steel's Speciality Steel UK (SSUK) division before a Wednesday court hearing; the government is preparing for SSUK's potential collapse, impacting nearly 1,500 jobs and the UK's third-largest steel producer.
Liberty Steel Faces Collapse: Gupta Attempts Last-Minute Rescue
Sanjeev Gupta is attempting a last-minute rescue of Liberty Steel's Speciality Steel UK (SSUK) division before a Wednesday court hearing; the government is preparing for SSUK's potential collapse, impacting nearly 1,500 jobs and the UK's third-largest steel producer.
Progress
40% Bias Score
Liberty Steel Faces Liquidation, £340m Loss in South Yorkshire
Liberty Steel's South Yorkshire operations, employing 1,450, reported £340 million in losses over four years, prompting a union's call for owner Sanjeev Gupta's resignation and facing a July 16th deadline to avoid liquidation amid a broader UK steel industry crisis and a fraud investigation.
Liberty Steel Faces Liquidation, £340m Loss in South Yorkshire
Liberty Steel's South Yorkshire operations, employing 1,450, reported £340 million in losses over four years, prompting a union's call for owner Sanjeev Gupta's resignation and facing a July 16th deadline to avoid liquidation amid a broader UK steel industry crisis and a fraud investigation.
Progress
44% Bias Score
Australia to Bail Out Whyalla Steelworks with \$2 Billion Package
The Australian government is launching a joint support package, potentially up to \$2 billion, to rescue the Whyalla steelworks after its owner, GFG Alliance, was put into administration due to massive debt. The move is aimed at safeguarding thousands of jobs and ensuring Australia's steel independe...
Australia to Bail Out Whyalla Steelworks with \$2 Billion Package
The Australian government is launching a joint support package, potentially up to \$2 billion, to rescue the Whyalla steelworks after its owner, GFG Alliance, was put into administration due to massive debt. The move is aimed at safeguarding thousands of jobs and ensuring Australia's steel independe...
Progress
60% Bias Score
Whyalla Steel Mill Faces $2.4 Billion Bailout
The Australian government is considering a $2.4 billion bailout of the Whyalla steel mill after it was seized from British billionaire Sanjeev Gupta due to financial difficulties, aiming to secure its future and safeguard jobs.
Whyalla Steel Mill Faces $2.4 Billion Bailout
The Australian government is considering a $2.4 billion bailout of the Whyalla steel mill after it was seized from British billionaire Sanjeev Gupta due to financial difficulties, aiming to secure its future and safeguard jobs.
Progress
40% Bias Score
HMRC Weighs Opposing Liberty Steel Restructuring
Britain's tax authority, HMRC, is considering opposing a court-led restructuring plan for Sanjeev Gupta's Liberty Steel, potentially resulting in significant tax losses and impacting the company's future. Negotiations are ongoing, with a creditor vote scheduled for next year.
HMRC Weighs Opposing Liberty Steel Restructuring
Britain's tax authority, HMRC, is considering opposing a court-led restructuring plan for Sanjeev Gupta's Liberty Steel, potentially resulting in significant tax losses and impacting the company's future. Negotiations are ongoing, with a creditor vote scheduled for next year.
Progress
44% Bias Score
BlackRock Backs Controversial Liberty Steel Rescue Plan
BlackRock is providing up to £75 million in financing to Liberty Steel UK, potentially saving 1,500 jobs in South Yorkshire, as the company attempts a pre-pack administration to resolve its debt issues; however, this may face creditor opposition.
BlackRock Backs Controversial Liberty Steel Rescue Plan
BlackRock is providing up to £75 million in financing to Liberty Steel UK, potentially saving 1,500 jobs in South Yorkshire, as the company attempts a pre-pack administration to resolve its debt issues; however, this may face creditor opposition.
Progress
40% Bias Score
UK Government Considers Taking Control of Speciality Steel UK
The UK government is considering taking control of Speciality Steel UK (SSUK), employing 1,450 people, to prevent its closure after its parent company faces an insolvency hearing on Wednesday, driven by the strategic importance of its specialized steel production and potential job losses.
UK Government Considers Taking Control of Speciality Steel UK
The UK government is considering taking control of Speciality Steel UK (SSUK), employing 1,450 people, to prevent its closure after its parent company faces an insolvency hearing on Wednesday, driven by the strategic importance of its specialized steel production and potential job losses.
Progress
44% Bias Score
Whyalla Steelworks' \$1.34 Billion Debt Crisis
Whyalla steelworks, owned by Sanjeev Gupta's GFG Alliance, entered voluntary administration with \$1.34 billion in debt, impacting 4000 workers and the town of Whyalla, prompting a \$2.4 billion government rescue package.
Whyalla Steelworks' \$1.34 Billion Debt Crisis
Whyalla steelworks, owned by Sanjeev Gupta's GFG Alliance, entered voluntary administration with \$1.34 billion in debt, impacting 4000 workers and the town of Whyalla, prompting a \$2.4 billion government rescue package.
Progress
40% Bias Score
\$2.4 Billion Bailout for Failing Whyalla Steelworks
Faced with \$300 million debt, the Whyalla steelworks in South Australia will receive a \$2.4 billion government bailout to secure over 1000 jobs, improve infrastructure and transition to green steel production, following the previous owner's failure to meet investment promises and financial mismana...
\$2.4 Billion Bailout for Failing Whyalla Steelworks
Faced with \$300 million debt, the Whyalla steelworks in South Australia will receive a \$2.4 billion government bailout to secure over 1000 jobs, improve infrastructure and transition to green steel production, following the previous owner's failure to meet investment promises and financial mismana...
Progress
60% Bias Score
Australia's \$2.4 Billion Bailout of Whyalla Steelworks and Rex Raises Concerns
The Australian government pledged \$2.4 billion to rescue the financially troubled Whyalla steelworks and Rex airline before the election, prompting concerns about preferential treatment for politically connected, poorly managed businesses, despite the questionable corporate governance of both.
Australia's \$2.4 Billion Bailout of Whyalla Steelworks and Rex Raises Concerns
The Australian government pledged \$2.4 billion to rescue the financially troubled Whyalla steelworks and Rex airline before the election, prompting concerns about preferential treatment for politically connected, poorly managed businesses, despite the questionable corporate governance of both.
Progress
56% Bias Score
Showing 1 to 11 of 11 results