Workers’ fury as British Steel collapses putting 25K jobs at risk

Furious workers and their families are demanding action to save British Steel after it today collapsed, with the government citing EU rules that make a bailout illegal. The country’s second-largest steel firm is now in liquidation, meaning up to 4,000 jobs in Scunthorpe, North Lincolnshire, 800 in Teesside and 20,000 in the UK supply chain are now [.]

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London (CNN Business) Britain's second biggest steel maker collapsed on Wednesday, putting about 5,000 jobs at the company directly at risk,

Workers’ fury as British Steel COLLAPSES putting 25K jobs at risk Greybull bought British Steel from India’s Tata Steel for the nominal fee in 2016. It failed in the face of lower steel prices and mounting bills – as well as uncertainty over tariffs post Brexit.

British Steel is to enter an insolvency process, putting more than 4,000 jobs directly at risk and threatening a further 20,000 in the company’s supply chain.. The announcement on Wednesday came after talks broke down between the government and British Steel’s private equity owners greybull.

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Workers’ fury as British Steel collapses putting 25K jobs at risk BRITISH Steel workers have slammed the government for not saving the company after it collapsed today claiming the decision will "crucify" communities. An estimated 25,000 people are now at risk of losing their jobs including in Scunthorpe, N. Lincs, where more than 4,000.

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