British Steel's Chinese owner seeks huge government aid package
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British Steel's Chinese owners push for Government bailout
The owners of British Steel are seeking an urgent package of financial support from taxpayers, raising concerns over the future of thousands of industrial jobs in northern England.Jingye Group (Jingye) warned ministers the company’s two blast furnaces are unlikely to be viable without state aid, according to Sky News. The Chinese group bought the second-largest steel producer out of insolvency in 2020.British Steel is headquartered in Scunthorpe…
·London, United Kingdom
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Total News Sources7
Leaning Left1Leaning Right1Center2Last UpdatedBias Distribution50% Center
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- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
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