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Britain in talks with British Steel and Tata to secure industry's future

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LONDON: Britain said on Monday (Oct 17) it was in talks with steel makers, including British Steel, owned by China's Jingye Group, and India's Tata to help secure the industry's long-term future. The government said British Steel had agreed to maintain current operations and job numbers while the talks wer

LONDON: Britain said on Monday it was in talks with steel makers, including British Steel, owned by China's Jingye Group, and India's Tata to help secure the industry's long-term future.

Sky News reported earlier on Monday that Business Secretary Jacob Rees-Mogg had written to Jingye Group to express a willingness to negotiate over the Chinese company's request for a bailout to avoid thousands of job losses.

 

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