Celebrations at Jingye takeover of steelworks mixed with sadness over job losses.
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New dawn for British Steel
Unite has welcomed the announcement today (March 3) that Chinese steelmaker Jingye has agreed the purchase of British Steel. The deal will preserve the production of steel at the company’s…Read more…
British Steel rescue deal
The beleaguered British Steel firm, which employs 4,000 people in the UK, is now on the brink of securing a rescue deal with Chinese firm Jingye. The takeover, however, will likely entail job…Read more…