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British Steel enters insolvency, putting thousands of jobs at risk

WorldNews Wednesday, 22 May 2019
British Steel enters insolvency, putting thousands of jobs at riskBritish Steel collapsed on Wednesday after last-ditch talks with the UK government failed to secure a financial rescue, union bosses announced.“This is devastating news for the thousands of workers,” Tim Roache, general secretary of the GMB union, said on hearing the news.EY has been appointed as special manager by the official receiver, Sky News reported on Wednesday.More to follow … ......
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Credit: Al Jazeera STUDIO - Published < > Embed
News video: British Steel collapse: 25,000 jobs at risk as assets liquidated

British Steel collapse: 25,000 jobs at risk as assets liquidated 02:37

The steelmaker employs nearly 5,000 workers in Lincolnshire, and a further 20,000 jobs depend on its supply chain.

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