British Steel needs Government Money : 800 Sacked

[arista]

The SkyNewsHD City Editor
Mark Kleinman


Jingye Group
the China owners have stated
Millions of pounds are needed to stay afloat.


North England

No Government aid
they become unviable

Around 4000 jobs at risk.

[smudgie]

:fist: no more.
They are not British steel, it seems any ruddy country can pass this company around, claim grants and then want more.
The government should offer to buy it for a penny and then get it back on its feet.

[arista]

:fist: no more.
They are not British steel, it seems any ruddy country can pass this company around, claim grants and then want more.
The government should offer to buy it for a penny and then get it back on its feet.


Yes the China Company that took control
has run out of their own money.

https://britishsteel.co.uk/who-we-are/our-parent-company/


To be Fair
they did not know about Gas Price Crises arriving
Because of Putin's war.



4,000 UK workers
can not work for free.


If Conservatives do not fund them
2 will close

[arista]

https://britishsteel.co.uk/media/4289/125yearsofsteelmaking3.jpg?crop=0,0.03400299043423 7663,0.083279009126466214,0.38440284506168521&cropmode=percentage&width=610&height=245&rnd=133076417120000000
100 years back


In March 2020, British Steel was bought
by Jingye Group, a distinguished
Chinese multi-industrial company
specialising in iron and steel manufacturing.


https://britishsteel.co.uk/who-we-are/

[arista]

https://britishsteel.co.uk/media/191891/bottesford-junior-school-donation.jpg?crop=0,0.25434643525807082,0,0.444270 28956807829&cropmode=percentage&width=610&height=245&rnd=132548520040000000
[Being a good neighbour and contributing
to the well-being of our communities is a
key priority for us.
By listening to our local community and
stakeholders we endeavour to support their needs.

We’re always happy to hear from our neighbours
and if you want to get in touch,
email communications@britishsteel.co.uk.]

[arista]

https://britishsteel.co.uk/media/4293/may2016-7246.jpg?crop=0.07557189542483661,0.27841605392156 865,0.0053104575163398,0.16785323248151704&cropmode=percentage&width=610&height=245&rnd=132518268200000000

They have
Mortgages to pay

[arista]

https://britishsteel.co.uk/media/40493/tatarail-lores-2783.jpg?crop=0,0.25993883792048927,0.000000000000 000884230960057,0.26327495134834628&cropmode=percentage&width=1100&height=350&rnd=132521663720000000&bgcolor=ffffff
[Our strategically located sites allow for fast,
efficient delivery of products worldwide,
using road, rail, river or marine transport.
The British Steel Transport & Logistics Operations
manual has been developed to provide guidance
for dealing with our products in all parts
of the logistics chain.

Contract logistics service providers must take c
are to ensure product integrity and quality
on delivery to our customers.
The condition of the delivered product is a
reflection upon us as one of the world's leading
suppliers of quality steel.

Health & safety is of paramount importance
to British Steel and we expect the same of
our contract logistics service providers and
third parties.
All British Steel safety initiatives and policies
must be adhered to at all times. ]

[arista]

1576129874405752832

[arista]

Times Radio:
Has found out No Government Money

So they will have to close.

[bots]

yeah, there is no way we are going to give cash to a failing chinese company. Not wishing to sound heartless, but the people who chose to work for them knew the risks when they joined the company, and there are no job shortages out there

[UserSince2005]

Tim to send the boys down the pits

[arista]

yeah, there is no way we are going to give cash to a failing Chinese company. Not wishing to sound heartless, but the people who chose to work for them knew the risks when they joined the company, and there are no job shortages out there


I agree


Could they Pay direct the wages, of the Workers in the UK,
away from the Company Control?

[arista]

[Rees-Mogg in talks with UK steelmakers
as fears grow for thousands of jobs
Business secretary liaises with Tata Steel and Jingye Group
over Port Talbot and Scunthorpe sites

The business secretary,
Jacob Rees-Mogg, has opened talks with
Britain’s steelmakers amid concerns that
thousands of jobs could be lost from
the struggling industry.
The government confirmed on Monday
it had entered discussions with Tata Steel,
owner of the UK’s largest steelworks
in Port Talbot, south Wales,
and Jingye Group,
which bought British Steel
out of insolvency in 2020.

The Chinese company has agreed to maintain
its current operations and job numbers
as talks get under way,
the Department for Business,
Energy and Industrial Strategy (BEIS) said.]


https://www.theguardian.com/business/2022/oct/17/rees-mogg-talks-uk-steelmakers-fears-grow-thousands-jobs-tata-jingye

[arista]

British Steel to Axe 800 jobs


SkyNewsHD Business Editor

[arista]

Scunthorpe Plant
to Sack 800 of his the Workers there.


Government no comment

[arista]

Scunthorpe has sacked 260 jobs

So Far.

[arista]

Due to New Tarrifs from Trump.
that start next Wednesday,

Thousands of jobs at risk as British Steel
threatens closure


The BBC understands British Steel was
expecting a £1bn injection of government money
to keep the business going, but was offered £500m.

The Prime Minister's official spokesperson said
the government had made a "generous offer"
to British Steel and it would continue to work
with the company and its Chinese owner Jingye
to secure its future.

British Steel chief executive Zengwei
An said the consultations on the closure were
"a necessary decision given the hugely challenging
circumstances the business faces".]


https://www.bbc.co.uk/news/articles/cjryeqrnldvo




Could Close in June 2025.
The Chinese Owner thinks

[arista]

Pathetic Sarah Jones MP
Trade Minister

Spoke in Parliament
saying she would like the Company
to reconsider her amount offered?


Facts
to buy the Electric Eco Furnace
Jingye need £2 Billion

If the Labour party gave 1 Billion
they said they would go ahead.


Sarah Jones MP, Trade Minister, only offered £500Million

Do the Poxy Maths

[arista]

The 3rd largest UK Steel Works
is now under Labour Government Control

Saving over 1000 workers

[arista]

[Speciality Steels UK (SSUK) in South Yorkshire,
has been put under government control after collapsing
into compulsory liquidation.
The Labour government will fund the plant's wages
and costs while insolvency specialists Teneo Advisory look
for a private buyer, securing the future
of the plant's 1,500 jobs and its electric-arc furnace.

The firm, part of the Liberty Steel empire,
collapsed due to mounting debts after its
main lender, Greensill Capital, collapsed.]