More than 400 jobs at risk in Liberty Steel restructuring plan
Liberty Steel has confirmed it plans to cut production and idle some of its smaller plants in a restructuring drive that threatens 440 jobs.
The company, which is part of Sanjeev Gupta’s GFG Alliance Alliance, said it intends to concentrate on its “high value alloy steel production” at Rotherham, Stocksbridge and Brinsworth in South Yorkshire.
Production at Rotherham’s electric arc furnace will be reduced and replaced with imports from abroad.
The company has warned that high energy costs are making the production of ... 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...
