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The Latest Breaking News from Jingye

Government considering nationalising British Steel amid rescue efforts

It would mark an end to 36 years of private ownership after Margaret Thatcher passed the British Steel Act in 1988

The Independent UK

Ministers considering renationalising British Steel if rescue plan fails

Exclusive: Move would be last-ditch attempt to save thousands of UK jobs amid standoff with company’s Chinese owners

The Guardian - UK

Port Talbot: Labour’s deal for steel workers explained as 2,500 job losses announced

Labour has revised a deal drawn up by Conservative government but failed to prevent the thousands of job losses

The Independent UK

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Labour’s plan for steel is a work in progress. Port Talbot was almost the easy part

The next crisis may be in Scunthorpe, where the owner of British Steel is reportedly threatening to close its blast furnaces

The Guardian - UK

British steel industry braces for 2,500 job cuts at Port Talbot in government deal

Details of taxpayer-funded rescue plan for Tata-owned south Wales plant are expected on Wednesday

The Guardian - UK

Questions raised over British Steel’s finances

Auditors sound warning about ability of firm of 4,500 staff to operate without new funds from Chinese owner Jingye

The Guardian - UK

Tata Steel to confirm shutdown of Port Talbot blast furnaces, sources claim

Move by Tata could put thousands of jobs in south Wales at risk and end more than a century of steelmaking

The Guardian - UK

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‘A golden opportunity’: Port Talbot fights to keep its steelmaking tradition alive

Tata’s plan for greener steel would see a four-year shutdown in Wales but unions and locals are adamant there is another way

The Guardian - UK

Iron resolve: steel town unites to fight for its furnaces

As Scunthorpe faces 2,000 job losses in a move to greener tech, MPs and unions fear for workers and a strategic UK industry

The Guardian - UK

British Steel owner preparing to cut as many as 2,000 jobs, report says

China’s Jingye Group said to be considering move as part of switch to using greener electric arc furnaces

The Guardian - UK

Welsh steelworks at breaking point over the cost of cleaning up its act

Time is running out in Port Talbot to decarbonise its operations: at stake is the supply chain for much of Britain’s construction and manufacturing sectors, along with thousands of jobs

The Guardian - UK

250 jobs saved at British Steel but Scunthorpe's coke ovens will close

Alternative roles to be offered to avoid any compulsory redundancies following major strategic decision on Scunthorpe site

Birmingham Post

MP's extreme disappointment at Scunthorpe steel jobs threat amid support talks

British Steel has formalised initial redundancy talks with 260 roles identified as coke ovens set to close

Birmingham Post

Chinese-owned British Steel says plans 260 job cuts

London (AFP) - British Steel plans to cut up to 260 jobs in Britain after being hit by soaring energy costs, the Chinese-owned group announced Wednesday.

AFP

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Wales Online

British Steel set to axe up to 260 jobs with closure of coke ovens

The steelmaker said it was part of its drive to overcome global economic challenges and build a “green and sustainable future”.

Birmingham Post

260 jobs set to go at British Steel as coke ovens closure proposed

Scunthorpe site could lose significant number of employees due to unprecedented increase in operating costs

The Independent UK

British Steel to cut up to 260 jobs as it closes coke ovens

The Chinese-owned steelmaker said the move at its site in Scunthorpe was part of its drive to overcome global economic challenges.

The Guardian - UK

British Steel announces 260 job losses at Scunthorpe works

Firm’s owner says closure of coking ovens is down to global economic challenges and rising energy bills

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The Guardian - UK

London Underground drivers to strike on 15 March ; 260 jobs at risk at British Steel – as it happened

British Steel plans to close its coke ovens, a move that could result in 260 job losses at its Scunthorpe site in northern England

Wales Online

Unions warn British Steel jobs at risk amid coking ovens closure fears

The GMB union called the government's investment 'a sticking plaster' over the issues facing British Steel and warned that workers, their families and communities 'will once again be asked to pay the price'

Daily Mirror

British Steel owner faces calls to halt 'unacceptable' plan to cut 800 jobs

Scunthorpe's Tory MP triggered an emergency Commons debate after the company warned of potential redundancies as energy costs soar and pressure on the industry to slash emissions grows

The Guardian - UK

British Steel considering cutting up to 1,200 jobs in Scunthorpe

Unions say move would be ‘betrayal’ amid talks with UK government over potential £300m in financial support

The Guardian - UK

British Steel and Tata told to protect jobs until 2033 to unlock £600m funding

Grant Shapps tells Britain’s two largest steelmakers they must guarantee certain number of UK jobs

The Guardian - UK

Jeremy Hunt poised to approve £300m support package for British Steel

Grant would help steelmaker cut its carbon footprint and avoid thousands of jobs losses

The Guardian - UK

British Steel auditor Mazars resigns over fee disagreement

Move comes only days after manufacturer reportedly asked government for financial support

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