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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

Liberty Steel plans to cut 440 jobs in UK and reduce production

Liberty Steel signage
Liberty Steel’s Stocksbridge plant, Sheffield, where the company said it would now focus on production of higher-value alloy steel manufacturing. Photograph: Paul Ellis/AFP/Getty Images

Liberty Steel has announced plans to cut 440 jobs and suspend manufacturing at its plant in south Wales, in a sign of difficulties in Sanjeev Gupta’s metals empire.

The steelmaker on Thursday said it would turn its Newport manufacturing plant into a distribution centre, make idle a site at nearby Tredegar and another at West Bromwich, in the West Midlands, and cut back production of primary steel and steel products at Rotherham, Yorkshire.

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