Liberty Steel UK goes back to work - News Summed Up

Liberty Steel UK goes back to work


Sanjeev Gupta made a podcast for his employees to reassure them that Liberty Steel can surviveLiberty Steel UK, the British business that is part of Sanjeev Gupta’s industrial group GFG Alliance, will go back into production after Easter as talks continue with the administrators of Greensill, its collapsed main backer, in an attempt to refinance the company. The announcement that Liberty Steel UK, which employs 3,000 people, half of them at Rotherham and nearby Stocksbridge in Yorkshire, is going back to work next Tuesday came as Gupta released a podcast to his employees to reassure them the company can survive. SponsoredThe future of the business, which was denied a £170 million bailout by ministers at the weekend, rests on Grant Thornton, the administrator of Greensill Capital, coming to a standstill agreement with creditors. Gupta told employees that, when


Source: The Times March 29, 2021 23:00 UTC



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