British Steel's Chinese owner seeks huge government aid package

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…

Chinese owners of British Steel ask ministers for bailout

The owners of British Steel have asked for a government bailout to save the jobs of thousands of steel workers in the north of England.

British Steel’s Chinese owners ‘seeking huge government support package’

It comes amid fears that two of its blast furnaces are unlikely to survive without a cash injection

British Steel owners request huge financial support package

The Lincolnshire-based company employs around 4,000 people

Threat of 'thousands' of redundancies looms at British Steel

Insiders claim thousands of people could be made redundant if the government rejects the request

British Steel’s Chinese Owner Seeks Government Aid, Sky Reports