mandag 9. mars 2020
A Chinese firm is set to complete its takeover of British Steel
A Chinese firm is set to complete its takeover of British Steel on Monday. Jingye Group previously said that it would save more than 3,000 jobs in Scunthorpe and Teesside and modernise the towns' steelworks. The firm reportedly offered £50m to buy the company
after it collapsed and was placed under the control of the UK Insolvency Service last year.
Unions have said that nearly 500 workers could still face losing their jobs.
British Steel employed about 5,000 people at the time of its collapse
, and is the second-largest steelmaker in the country.