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

Workers’ fury as British Steel collapses putting 25k jobs at risk .. Its collapse is devastating for thousands of workers – and the first move must be to try to secure a buyer to make the business viable.. Greg Clark reads a statement to the Commons as British Steel collapses ‘over c.

WORK and Pensions boss Amber Rudd is planning to lodge a formal complaint about an extraordinary UN report that compares the Government’s welfare reforms to 19th century workhouses. UN extreme poverty adviser philip Alston claimed the "glue" holding British society together had been "deliberately removed and replaced with a harsh and uncaring ethos" due to [.]

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The Port Talbot site in Wales, owned by Tata Steel and under the threat of closure, will enjoy a £1.7million-a-year cut to its rates bill from April. The similar-sized Scunthorpe steel plant – renamed.

In a statement put. len McCluskey say on radio this morning that the Michelin Tyres factory in Stoke-on-Trent has closed,” he said. “For the avoidance of doubt, I’d like to make it clear to Unite.

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 people are employed.

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.

The prime minister set out her proposals in the Commons but Tory and Labour MPs expressed fury at her plans. I was married to one." British Steel is to enter an insolvency process, putting more.

Unless a buyer is found, British Steel’s 5,000 workers – most of them based in Scunthorpe, Lincs – and 20,000 jobs in its supply chain could go. Mr Clark is likely to face questions over why he approved a 120million loan facility weeks ago to enable the firm to meet an EU environmental bill. Sources said the money would likely be refunded.

Fed Balance Sheet Drops by $42 Billion in May, Sheds MBS at Fastest Pace, Starts the Reverse of Operation Twist Vulture funds’ circling bank’s bad loans face new regulation Moves by banks to package up more bad debts and sell them on to US private equity buyers are proving controversial, amid fears of aggressive debt recovery tactics The sale of non-performing loans to so-called vulture funds is not merely continuing, but looks set to accelerate. Both Ulster Bank and.Fed Balance Sheet Drops by $42 Billion in May, Sheds MBS at Fastest Pace, Starts the Reverse of Operation Twist by Wolf Richter Jun 6, 2019 56 Comments But where the heck is the "U-Turn?"