Exclusive: Move would be last-ditch attempt to save thousands of UK jobs amid standoff with company’s Chinese ownersMinisters are considering renationalising British Steel in a last-ditch attempt to save thousands of jobs, amid a standoff between the government and the company’s Chinese owners over a £1bn investment.Jonathan Reynolds, the business secretary, is locked in talks with British Steel and its owner, Jingye, to agree how much each party should put into a rescue plan for its main Scunthorpe site. Continue reading…
Source link : https://www.theguardian.com/business/2024/dec/03/ministers-considering-renationalising-british-steel
Author : Kiran Stacey and Jasper Jolly
Publish date : 2024-12-03 19:10:45
Copyright for syndicated content belongs to the linked Source.
Ministers considering renationalising British Steel
