Chinese-owned British Steel says plans 260 job cuts
London (AFP) Feb 22, 2023
British Steel plans to cut up to 260 jobs in Britain after being hit by soaring energy costs, the Chinese-owned group announced Wednesday. The company said its energy costs last year increased by 190 million pounds ($230 million). "Decisive action is required because of the unprecedented rise in operating costs, surging inflation and the need to improve environmental performance," it said in
