Last-ditch deal with US investment firm could safeguard up to 1,500 jobs at Yorkshire plant
Last-ditch deal with US investment firm could safeguard up to 1,500 jobs at Yorkshire plant
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The Government will step in as administrator if factory cannot secure BlackRock rescue deal
Move sets up clash between metals magnate and creditors including UBS that are owed hundreds of millions of dollars
Without immediate and continuing government support, the steel industry’s existence could be measured in months
The government has taken control of the plant until a buyer is found
While Westminster’s long-term plans for the steelworks remain unclear, Jingye Group doesn’t know how much money it stands to lose
The United Kingdom government has nationalised British Steel to secure its steelmaking capacity. This move protects thousands of…
