Fresh blow to UK industry as ministers accused of 'sitting on their hands' 🔴 Story by David Connett
Troubled Liberty Steel is to cut production and make some of its smaller plants idle, putting more than 400 jobs at risk as part of a restructuring deal, it said., said it plans to suspend operations at two British plants and trim output at others due to high power prices.
“The production of some commodity grade products at Rotherham and downstream mills has become unviable in the short term, due to high energy costs and imports,” it said.
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Sanjeev Gupta’s Liberty Steel cutbacks put 440 UK jobs at risk\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
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