GFG Alliance now have 85 initiatives in place which are positively impacting the bottom line at the Whyalla Steelworks, according to an update issued by Chief Restructuring Officer (CRO) Jim Stein. It comes as the company’s Restructuring and Transformation Committee (RTC) continues to work towards restructuring the business in the wake of Greensill’s collapse. Chairman Sanjeev Gupta said the update demonstrated that GFG’s core business had continued to perform well despite numerous challenges. “We are taking advantage of the excellent market conditions we face,” he said. “Much remains to be done, but we believe that we are now making rapid progress in building faith with our creditors and other stakeholders through our restructuring p…
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