THURS, apr 14, 2022
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162 jobs to go
Liberty Steel UK has set out restructuring plans with jobs set to be cut at its Stocksbridge plant but with new roles created in Rotherham. The company has launched a consultation on the restructuring of the Stocksbridge works and its downstream operations. The restructuring of the special alloys businesses is designed to enhance their productivity and competitiveness ahead of a possible sale or partnership. The move is set to result in 162 potential job reductions at Stocksbridge. Liberty will also invest in increasing production at its Rotherham works, with a potential increase of 161 jobs and opportunities to transfer from other sites. Liberty is aiming to develop the Rotherham mill into a two million tonne per annum (mtpa) recycling production facility feeding its downstream rolling mills producing both long and flat products. Jeffrey Kabel, chief transformation officer, Liberty Steel Group said: "Liberty's special alloys are unique, high potential businesses, and their quality products are prized by customers in strategic sectors such as aerospace and energy. Miriam Cates MP (pic) told Look Local
“The last few years haven't been easy for Stocksbridge Speciality Steels, but I'm optimistic that this restructuring and its sale to the right sort of buyer can give it the support it needs going forward. It's a great opportunity for the site to develop and focus on the world-leading, highvalue manufacturing it excels at. Unfortunately the restructuring will apparently result in a small reduction in the size of the workforce at Stocksbridge, but Liberty have said that an equivalent number of jobs are being created at their Rotherham site. The unions will be involved in this, and I'll be monitoring the situation closely as the process continues to ensure that workers are treated fairly. As always I'll continue to engage closely with management, unions, and the Government as Stocksbridge moves towards a sale, and I'll do all that I can to encourage a buyer who will be able to put the site on a stronger footing and secure the future of this company which is so important both locally and as part of our wider UK steel industry.” Liberty Steel employs about 3,000 people at 11 sites in England, Scotland and Wales, with plants in Newport, Motherwell, Tredegar, Hartlepool, Scunthorpe, Stocksbridge, Rotherham, Bolton, Wednesbury and West Bromwich.
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