11 April 2019
Re-nationalising British Steel would have given Greybull, the private equity firm that stripped assets from British Steel, an even bigger payday than they have already had...
China’s Steel companies are nationalised. That’s where we’ll be buying steel from now on.
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British Steel collapses into insolvencyBritish Steel is to enter insolvency, putting more than 4,000 jobs directly at risk and threatening a further 20,000 in the company's supply chain. More follows… Terrible news. Being an ex-British Steel advertising photographer who worked for them for five years and ex-RAF photographer I said it would collapse when they put it back together again. Of course. No one listened to that. The accountants and lawyers always know better. 😞
Source: The Independent - 🏆 80. / 59 Read more »
British Steel COLLAPSES after failing to secure funding putting 25,000 jobs at riskMANUFACTURING giant British Steel today collapsed putting the jobs of 25,000 workers at risk. The company was forced to go into bankruptcy after a last-minute bid to secure an emergency loan from t…
Source: TheSun - 🏆 64. / 61 Read more »