[arista]

[The buyer says it plans to invest
£1.2bn in the UK's second-biggest
steel producer over the next decade.]



Some good news for 4,0000 British
workers.

[The sale to the Jingye Group will
go through "as soon as reasonably practicable",
said the Official Receiver, which has been
handling the insolvency of
Britain's second-biggest steel producer.]


https://news.sky.com/story/british-s...escue-11859400


Brexit does not worry China
as this Steel will be sold in UK.

[Twosugars]

Is it wise to sell key strategic manufacturing capability to china?

[arista]

Originally Posted by Twosugars

Is it wise to sell key strategic manufacturing capability to China?

The Major Problem
is no other buyer had that amount to invest
and save so many British Jobs.

This China Company is Mega in China
but they understand that
this plant is for British Steel to be Sold in the UK.


The Unions thanked Conservative and Labour MP's
and the CEO who has managed to hang on
until now.

[Crimson Dynamo]

*awaits the news about job losses...

[Kizzy]

Originally Posted by Twosugars

Is it wise to sell key strategic manufacturing capability to china?

No... just think that bribe to the DUP would have paid for that :/

[Tom4784]

Nazi Germany tried to take over the world through force but China is showing us all that you only need economic power and countries will tear strips off themselves to throw it to you.

China has concentration camps that starve people to death, where rape is freely committed and organs are harvested from it's prisoners. The fact we're so willing to give such a place a foothold in our country is disgusting.

[arista]

Jingye Group
now want to pull out of this project.

So Labour is now today
meeting the Bosses at the Scunthorpe plant.
With the offer to buy the Coal they need?

But many are saying Labour must now
Take over the plant
Get rid of the China based owner.

[arista]

A loss of £700,000 each day.


So only a Government Full Take Over
is there only option to stay alive.


ITV1HD lunch news Live

[arista]

3rd day Labour is in talks
with the China Company,


Nothing has changed
PM Starmer

[arista]

Not Related to this story
but more Problems with China