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    Tuesday, January 21
    The Guardian

    Ministers considering renationalising British Steel

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    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…

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    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 19:10:00

    Copyright for syndicated content belongs to the linked Source.

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