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Future of Thousands of Steelwork Jobs in the Air

Future of Thousands of Steelwork Jobs in the Air
Thousands of South Australians are looking to the federal government for assurance as the future of Whyalla Steelworks operations remain uncertain.
Whyalla’s owner, Sanjeev Gupta, chairman of GFG Alliance, was taken to court by Credit Suisse on Tuesday over the financial collapse of one of its biggest lenders, Greensill. Following its collapse, Credit Suisse is trying to recover a portion of its billions of finance by breaking up Gupta’s Australian assets.
If the creditor is successful, it could end two operations under Gupta and send OneSteel Manufacturing, which runs Whyalla Steelworks, and Tahmoor Coal into liquidation. ....

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Workers react to Sanjeev Gupta insolvency hit

Workers react to Sanjeev Gupta insolvency hit
Workers arriving at Whyalla’s Steel City this morning are hopeful Sanjeev Gupta will stop the move to legally declare his business insolvent.
Business
by Michelle Etheridge, Rebecca Digirolamo
7th Apr 2021 12:04 PM
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Outside the Whyalla steelworks this morning, staff showed mixed feelings about the news that scores of local jobs hang in the balance as creditors seek to seize control of Sanjeev Gupta s Whyalla steel operations.
Welding co-ordinator Tom Mitchell, who has been working directly or indirectly for the steelworks since 1978, said he was still confident about the future. ....

United Kingdom , New South Wales , Perry Eden , Simon Cross , Clare Mclaughlin , Sanjeev Gupta Whyalla , Sanjeev Gupta , Christian Porter , Tom Mitchell , Rob Lucas , Keith Crawford , Rowan Ramsey , Brian Murphy , David Mariuz , Supreme Court , Credit Suisse , Onesteel Manufacturing , Grey Rowan Ramsey , Technology Minister Christian Porter , Mayor Clare Mclaughlin , State Government , Federal Government , Greensill Capital , Picture Simon , Steel City , ஒன்றுபட்டது கிஂக்டம் ,

Mixed feelings from Whyalla workers amid uncertainty around GFG Alliance's financial woes

Mixed feelings from Whyalla workers amid uncertainty around GFG Alliance s financial woes
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The Whyalla steelworks is again facing an uncertain future.
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The relative success of Sanjeev Gupta s Whyalla operations has some locals hopeful that legal action against the billionaire will not leave them without jobs, but other are less convinced.
Key points:
Workers are split about how their future looks
The state government says it is looking at supporting contractors
Citibank yesterday made an application in the NSW Supreme Court to wind up the operations of two companies, including OneSteel Manufacturing which runs Whyalla s steelworks, and employs more than 1,200 workers. ....

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Workers react to Sanjeev Gupta insolvency hit

Workers react to Sanjeev Gupta insolvency hit
ballinaadvocate.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ballinaadvocate.com.au Daily Mail and Mail on Sunday newspapers.

United Kingdom , New South Wales , Perry Eden , Simon Cross , Clare Mclaughlin , Sanjeev Gupta Whyalla , Sanjeev Gupta , Christian Porter , Tom Mitchell , Rob Lucas , Keith Crawford , Rowan Ramsey , Brian Murphy , David Mariuz , Supreme Court , Credit Suisse , Onesteel Manufacturing , Grey Rowan Ramsey , Technology Minister Christian Porter , Mayor Clare Mclaughlin , State Government , Federal Government , Greensill Capital , Picture Simon , Steel City , ஒன்றுபட்டது கிஂக்டம் ,

Workers react to Sanjeev Gupta insolvency hit

Workers react to Sanjeev Gupta insolvency hit
sunshinecoastdaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunshinecoastdaily.com.au Daily Mail and Mail on Sunday newspapers.

United Kingdom , New South Wales , Perry Eden , Simon Cross , Clare Mclaughlin , Sanjeev Gupta Whyalla , Sanjeev Gupta , Christian Porter , Tom Mitchell , Rob Lucas , Keith Crawford , Rowan Ramsey , Brian Murphy , David Mariuz , Supreme Court , Credit Suisse , Onesteel Manufacturing , Grey Rowan Ramsey , Technology Minister Christian Porter , Mayor Clare Mclaughlin , State Government , Federal Government , Greensill Capital , Picture Simon , Steel City , ஒன்றுபட்டது கிஂக்டம் ,