British Steel puts up to 2,700 jobs at risk
Source: BBC
British Steel is launching a consultation that could see the closure of its two blast furnaces at Scunthorpe, affecting between 2,000 and 2,700 jobs.The company's owner, Jingye, said the blast furnaces were "no longer financially sustainable" due to tough market conditions, the imposition of tariffs and higher environmental costs.British Steel chief executive Zengwei An said it was "a necessary decision given the…
This is aggregated or syndicated coverage. Reporting and media belong to the original publisher.
Read the original source at BBC