Unions fear huge job losses as ‘saviour of steel’ hits crisis
Article summary
Sanjeev Gupta, who has been called the “saviour of steel” Union sources have told the BBC that they are very concerned about the potential risk to thousands of UK steel and engineering jobs. Called the “saviour of steel”, Sanjeev Gupta’s Liberty Group bought up the struggling UK steel businesses. […] There are 3,000 direct steel employees and a further 2,000 in engineering businesses within the group. […] A spokesperson for steel union, Community, said: “There’s no doubt these reports are concerning and, on behalf of our members, we are pressing the company for answers. Liberty Steel UK is a crucial strategic business and we are ready to work with the company and the government to secure the business and protect jobs.” […] “Our global efficiency drive means that our core businesses are operationally strong. We are benefiting from a recovery in steel and aluminium markets which means that most of our businesses are running at near full capacity to meet high demand and are generating positive cash flows.”
