Home Business News Fate of British steels hangs in balance

Fate of British steels hangs in balance

by LLB Editor
24th Oct 19 7:19 am

The UK government has failed to strike a deal with Turkey’s Ataer Holding to buy British Steel.

Charlotte Childs, a GMB union organiser who has worked at British Steel’s Scunthorpe plant for 11 years, tells Wake Up to Money: “There has been a sense of optimism around the plant for a while now with the Turkish military pension fund coming in. It helped people reaffirm what we knew in terms of it being a viable business moving forward.

“The company makes really good steel so it would be crazy for the UK to lose that manufacturing capability.

“Obviously this new news plunges them into a certain level of uncertainty but we know that there are other bidders that might come into play if this deal doesn’t get done.”

But she says it is “not D-Day” as there are other potential buyers for the business

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