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Calls for "plan B" as Liberty Steel sale puts jobs under threat


Calls for plan B as Liberty Steel sale puts jobs under threat
Mon, 24th May 2021 20:39
(Alliance News) - The government must ensure a steel plant on the outskirts of Sheffield will remain open, the Labour Party has said, after Liberty Steel Group announced it was looking for a buyer for a number of sites.
London-based Liberty Steel announced on Monday that it is looking for a buyer for its aerospace and steel business in Stocksbridge as part of a major restructuring in the wake of its main financial backer, Greensill Capital Pty, collapsing in March.
The company has also started a formal sale process for Coventry s Liberty Pressing Solutions, and Liberty Aluminium Technologies, which has sites in Essex and Kidderminster. ....

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Government 'must have plan B for steel industry' in wake of Liberty sale | Wilts and Gloucestershire Standard


Aluminium Technologies (Coventry) - 129 employees
Aluminium Technologies (Kidderminster) - 55 employees
Aluminium Technologies (Witham) - 66 employees
Liberty Pressing Solutions (Coventry) - 225 employees
Liberty said on Monday that it could protect thousands of jobs by restructuring the business.
The aerospace and special alloys steel business in Stocksbridge is “a unique, high-quality business servicing marquee customers in aerospace, auto and other highly engineered applications”, the business said.
However it is not a core part of Liberty’s Greensteel plan to create more environmentally-friendly steel.
By selling, Liberty hopes it can focus on scaling up its plant in Rotherham to make two million tonnes of green steel. ....

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