Liberty Steel UK has outlined details of the next phase of its restructuring, with about 440 jobs set to be affected.
The company said that “in the face of the UK steel industry’s severe competitiveness issues” it planned to implement the next phase of its restructuring programme to ensure a sustainable future for its businesses and workforce.
The four-point plan includes the idling of Liberty Steel Newport and downstream processing facilities, and Liberty Performance Steel West Bromwich, with the former transformed into a sales and distribution hub for Liberty products.
With the support of major customers, LSUK intends to focus on high-value alloy steel production at Speciality Steel UK (SSUK) sites in Rotherham, Stocksbridge and …
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