British Steel to end consultation on up to 2,700 redundancies after government intervention

Sir John Redwood shares 'worry' for taxpayer as British Steel scraps redundancies: 'We need nationalisation!'

Sir John Redwood shares 'worry' for taxpayer as British Steel scraps redundancies: 'We need nationalisation!' - Former Conservative cabinet minister Sir John Redwood has shared his "worry for the taxpayer" after Labour stepped in to save British Steel and the company announced it will end consultation on up to 2,700 redundancies

British Steel halts redundancy plans after Government rescue

In March, British Steel’s Chinese owners announced plans to shut down its Scunthorpe furnaces and cut jobs.

British Steel redundancy plans halted after government rescue

The consultation over job losses that had been started by the company's previous owner ends.

British Steel halts plans for thousands of job losses after government intervention

Chinese firm Jingye proposed to close Scunthorpe's two blast furnaces last month

British Steel halts plan to axe 2,700 jobs

Previous management team had begun consultation on roles after Chinese owner turned down taxpayer funds

British Steel to end consultation on up to 2,700 redundancies after government intervention

The confirmation that jobs are safe comes as raw materials have been sourced to continue production at the UK's only remaining virgin steel furnace.