Liberty Steel blames 'unviable' market as restructuring threatens hundreds of jobs

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The company says that rather than making staff redundant, it is proposing to keep them on but under new terms.

Liberty Steel UK has placed 440 jobs under threat through a series of actions to secure its future amid"unviable" market conditions.

in 2021, said the next phase of its restructuring programme would see workers affected offered an alternative to redundancy.The proposed scheme aims to retain, redeploy and reskill affected employees and guarantees salary and outplacement opportunities. "Primary production through Rotherham's lower carbon electric arc furnaces will be temporarily reduced while uncompetitive operating conditions prevail.

 

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Taking a f*cking Liberty.

pikaso_me screenshot this

Sanjeev Gupta owner of Liberty Steel is worth £1.2 billion!! Surely he could afford to run at a loss for a year or so to see if 'viable market' settles a bit before restructuring'. Sounds like he could look after his hardworking staff better eh? ToryCostOfGreedCrisis GENow

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