Issue 1156 Thursday 11 March 2021

Page 1

THURS, mar 11, 2021

www.looklocal.org.uk

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woman jailed following violent attack - PAGE 02

06

Town funding of £24 Million approved - PAGE 06

Steel in Stocksbridge under threat Thousands of jobs in Britain’s steel industry are thought to be at risk after the biggest lender to Liberty Steel, Greensill, went into administration

Union officials held crisis talks with owners on Tuesday. Liberty owns 12 steel plants in the UK including in Rotherham, Motherwell, Stocksbridge, Newport and Hartlepool. ‘But one site in particular, a factory that makes aerospace parts in Stocksbridge, South Yorkshire, could become the first victim of cuts after the pandemic hammered demand for its products. With the downturn in the aerospace industry, it is not clear if any buyers would be keen to snap up the Stocksbridge plant, which employs 762 people. Writes “Thisismoney.co.uk”’

“The joint administrators are in continued discussion with an interested party in relation to the purchase of certain Greensill Capital assets. As these discussions remain ongoing, it would be inappropriate to comment further at this time,” the spokesperson added. Liberty Steel is the UK’s third-largest steelmaker, employing 3,000 people at 11 sites. Another 2,000 people in engineering businesses within the group are also involved. That’s a substantial chunk of the 32,000 people who work in the industry.

Employment and output have fallen significantly for the steel industry over the last four decades. In its heyday as the state-owned British Steel Corporation in the early 1970s, it had 10 times as many workers. The whole UK steel industry has gone through a chequered period of ownership since it was privatised in the 1980s. However, the sector is still considered important by government ministers, regional politicians and business leaders. Continued on Page 2

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Issue 1156 Thursday 11 March 2021 by Look Local Newspaper - Issuu