British Steel, Steel industry, UK news, Jonathan Reynolds Business | The Guardian
Exclusive: Move would be last-ditch attempt to save thousands of UK jobs amid standoff with company’s Chinese ownersMinisters are considering renationalising British Steel in a last-ditch attempt to save thousands of jobs, amid a standoff between the government and the company’s Chinese owners over a £1bn investment.Jonathan Reynolds, the business secretary, is locked in talks with British Steel and its owner, Jingye, to agree how much each party should put into a rescue plan for its main Scunthorpe site. Continue reading…
Exclusive: Move would be last-ditch attempt to save thousands of UK jobs amid standoff with company’s Chinese owners
Ministers are considering renationalising British Steel in a last-ditch attempt to save thousands of jobs, amid a standoff between the government and the company’s Chinese owners over a £1bn investment.
Jonathan Reynolds, the business secretary, is locked in talks with British Steel and its owner, Jingye, to agree how much each party should put into a rescue plan for its main Scunthorpe site.