[arista]

[smudgie]

Originally Posted by arista

Ahh, so what about the 90 billion pension fund then.
Much much more losses than the mere million a day to be taken into account.
If there was a buyer on the horizon then short term nationalisation could be used as a scking plaster, but you have to wonder where this buyer is coming from, and more miraculously how they would/could turn it all around.

[Kizzy]

Germany, No wonder the mail don't want to say that the EU is coming to the rescue. Best to maintain the deflection, keep the anti aid pressure on.

http://www.theguardian.com/uk-news/2...a-thyssenkrupp

[arista]

"short term nationalisation"


Not going to happen

Tata Steel in Norway is making Profits
as is a New Plant


Old Port Talbot -- no buyer wants
the 2 buyers want the smaller plants.


sadly thats the place we are at.

Ref: Marr BBC1HD, SkyNewsHD, Bloomberg, CNBC

[smudgie]

Originally Posted by arista

"short term nationalisation"


Not going to happen

Tata Steel in Norway is making Profits
as is a New Plant


Old Port Talbot -- no buyer wants
the 2 buyers want the smaller plants.


sadly thats the place we are at.

Ref: Marr BBC1HD, SkyNewsHD, Bloomberg, CNBC

Yes Arista...no buyer wants the old plants, they cost too much to bring them up to date to fit with all the new regulations and health and safety.
We might end up with no steel, families might have to live on fresh air..but at least the air will be fresher.

[arista]

Liberty House CEO (Sanjeev Gupta)
is now saying
he will take the whole of Tata Steel UK over
so longs as he gets the Energy Deal Discounts ?

Some of his plans do not add up, as
we are under EU Rules on this mess

Ref : BBC AM

[Livia]

The government has taken a lot of criticism over this, and quite rightly. And yet... the Forth Bridge in Scotland is being funded by the Scottish Parliament and built with Chinese steel. No word from Sturgeon on this yet though?

[Kizzy]

'Tata Steel has sold its Long Products Europe business, including its Scunthorpe plant, to investment firm Greybull Capital for a token £1 or €1.
The move will safeguard more than 4,000 jobs, but workers are being asked to accept a pay cut and less generous pension arrangements.
Greybull said it was arranging a £400m investment package as part of the deal.
The business will be rebranded as "British Steel" once the deal is completed in eight weeks, it said.
The new business would include the Scunthorpe works, two mills in Teesside, an engineering workshop in Workington, a design consultancy in York, a mill in Hayange, France, and sales and distribution facilities.'

http://www.bbc.co.uk/news/business-36015797

[arista]

Originally Posted by Kizzy

'Tata Steel has sold its Long Products Europe business, including its Scunthorpe plant, to investment firm Greybull Capital for a token £1 or €1.
The move will safeguard more than 4,000 jobs, but workers are being asked to accept a pay cut and less generous pension arrangements.
Greybull said it was arranging a £400m investment package as part of the deal.
The business will be rebranded as "British Steel" once the deal is completed in eight weeks, it said.
The new business would include the Scunthorpe works, two mills in Teesside, an engineering workshop in Workington, a design consultancy in York, a mill in Hayange, France, and sales and distribution facilities.'

http://www.bbc.co.uk/news/business-36015797

Yes Good News for Scunthorpe

But they Must take the Pay Cut
to keep their jobs

Capital Global have said.

[the truth]

are they able to actually produce steel? I doubt it