Liberty Steel UK has confirmed a restructuring of its Stocksbridge High Value Manufacturing plant that will spell 162 job losses, though investment at its Rotherham Greensteel facility will create nearly as many roles.
The manufacturer - which recently staved off a winding up petition threatening thousands of jobs - said it was seeking either an outright sale or partnership for its special alloys business which supplies to the aerospace and energy sectors.
Liberty said the restructuring of its special alloys business would involve consultation with employees and unions and would include 162 redundancies at its Stocksbridge plant along with 45 at its Performance Steels business in West Bromwich.
