Unions receive assurances after state takes control of Liberty Steel plants that were put into administration
Workers at the UK’s third-largest steelworks, in South Yorkshire, have been assured that they will receive their pay for August as well as unpaid pension contributions after a government-appointed special manager took over the collapsed company.
Liberty Steel’s main British business, Speciality Steel UK (SSUK), was put into administration on Thursday afternoon after a high court judge ruled that it was insolvent and that its owner, the metals tycoon Sanjeev Gupta, had no prospects of repaying debts of several hundred million pounds.
Continue reading...
