British Steel on brink of administration, putting 5,000 jobs at risk

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British Steel is on the brink of collapse unless it can secure £30m in emergency funding from the government, putting about 5,000 jobs directly at risk and endangering thousands more in the supply chain.

 

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I sure hope the UK decides to stay in the EU i don’t want to see the citizens getting hurt because of a few politicians bad moves!

But you can bet your bottom dollar that the owners Greybull Capital won't give a feck. Check out their history with Monarch & Comet for eg. The workers of the factories/ suppliers will suffer though.

beisgovuk EY 'lined by who' on that shady crap

A very brexit problem

Another opinion

Guardian blames Brexit but buries the fact the EU forced a £100M bill on the industry in April for ”environment”.

Ask why the eu does not allow intervention like ILVA in Italy

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British Steel asks for state help to avert 'Brexit related' crisisFirm, which employs 4,500 people, makes £75m request two weeks after £120m loan Let it collapse, don’t they have a big depo in Wales? Isn’t Wales in thrall of Nigel Farage and his Brexit party? Let the muppets eat cake
Source: The Guardian - 🏆 84. / 53 Read more »