British Steel has gone into liquidation after talks with the Government failed to secure its future, dealing a huge blow to the industry and threatening thousands of job losses.
Workers at the companys plants now face weeks of uncertainty as efforts are made to rescue the business.
The grim news was given to employees after a week of speculation, with the plant at Scunthorpe most affected, employing more than 4,000 workers.
British Steels owner, Greybull Capital, had been seeking financial support from the Government, saying it faced a number of Brexit related issues.
Business Secretary Greg Clark said: The Government has worked tirelessly with British Steel, its owner Greybull Capital, and lenders to explore all potential options to secure …
Read the full article at: https://www.gazette-news.co.uk/news/national/17656463.thousands-of-jobs-at-risk-as-british-steel-goes-into-liquidation/