British Steel
| Use attributes for filter ! | |
| Ceased operations | October 6, 1999 |
|---|---|
| Headquarters | London |
| United Kingdom | |
| Successor | Tata Steel Europe |
| Founded | 1967 |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2333535 |
About British Steel
British Steel plc was a major British steel producer. It originated from the nationalised British Steel Corporation, formed in 1967, which was privatised as a public limited company, British Steel plc, in 1988. It was once a constituent of the FTSE 100 Index.
British Steel to shut furnace putting up to 2,000 jobs at risk
...British Steel plans to close down its blast furnace in Scunthorpe, putting up to 2,000 jobs at risk...
Steel industry fears more job cuts without help
... Gareth Stace, director general of industry body UK Steel, said British Steel s decision to axe 260 jobs could be the start of a trend in the sector...
British Steel plans to close ovens and cut 260 jobs
...British Steel has said it is planning to close its coking ovens in Scunthorpe which could result in the loss of up to 260 jobs...
British Steel considering 800 job cuts in Lincolnshire
...British Steel is considering 800 job cuts centred on its Scunthorpe plant, the BBC understands...
Government to offer £600m for green steel switch
... The funding for British Steel and Tata Steel UK is likely to be unveiled by the Chancellor, Jeremy Hunt, this week...
UK steel industry a whisker away from collapse - Unite
... Writing to Mr Shapps on behalf of two other unions as well - Community and GMB - Mr Turner said the challenges faced by manufacturers like British Steel, Tata Steel, and were the consequences of " direct actions by your government that have...
UK poised to give £300m in rescue funding to British Steel
...Chancellor Jeremy Hunt is poised to grant a £300m funding package for struggling British Steel, the BBC has been told...
Steel import tariffs extended for two years
... British Steel producers are under pressure from soaring energy prices...
British Steel considering 800 job cuts in Lincolnshire
British Steel is considering 800 job cuts centred on its Scunthorpe plant, The Bbc understands.
The Company has started to develop the plans, though the paperwork required before a consultation on redundancies has Not Yet been submitted.
British Steel , owned by the Chinese group Jingye, declined to comment on the plans.
It employs around 4,500 workers in the UK.
Sky News reported that the plans include the closure of the coking ovens at The Firm 's Scunthorpe site.
British Steel is currently in The Final stages of negotiation with the government over a £300m support package, which was contingent on further investment from the parent company and guarantees over jobs.
The Company has been struggling with soaring energy prices, raising fears it will have to shut parts of its operations.
The government said the steel industry played a " vital role" in the UK economy and said it was " committed to securing a sustainable and competitive future for the UK steel sector".
" The Business Secretary considers the success of the steel sector a priority and continues to work closely with industry to achieve this, " a spokesperson added.
The Community Union, which represents steelworkers, expressed its concern at the planned cuts.
National officer Alun Davies said: " This move would represent a betrayal of [British Steel 's] loyal workforce and their commitments to invest in The Business .
" Steelworkers played their part to protect our steel industry and are being failed by both the government and British Steel who are abdicating their responsibilities to the workforce and Our Country . "
Three years ago British Steel was bought out of insolvency by Jingye, which became its third owner in Four Years .
But the Chinese steel-making giant has recently been pushing for UK taxpayer funding, which it says it needs to keep The Firm Running .
Source of news: bbc.com
