British Steel ordered into compulsory liquidation
Manufacturer British Steel has been ordered into compulsory liquidation, putting thousands of jobs in the UK at risk and endangering 20,000 in the supply chain.
Around 5,000 jobs across sites in Scunthorpe, Rotherham, and Middlesborough and several other sites could be in danger.
The Government's official receiver is the compulsory liquidator while the court has appointed Sam Woodward, Hunter Kelly and Alan Hudson of EY’s restructuring team as special managers.
The news follows a number of weeks of negotiations by manageme... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...