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Whyalla businesses relieved and 'stunned' by $2.4b steelworks deal

Summary by ABC Australia

Whyalla has been no stranger to emotional rollercoasters in recent years, and while some locals are wary of false dawns and keen to avoid past mistakes, the mood among the steelmaking city's business operators has been buoyed by news of the joint state and federal $2.4 billion support package.

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ABC Australia

Whyalla businesses relieved and 'stunned' by $2.4b steelworks deal

1 day ago·Australia

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News

Albo’s $2.4bn rescue for embattled steelworks

The federal and South Australian governments have come to the rescue of the embattled Whyalla Steelworks.

2 days ago

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The Epoch Times

Government Announces $2.4 Billion Rescue Package for Whyalla Steelworks

Prime Minister Anthony Albanese and the South Australian (SA) government will attempt to rescue the beleaguered Whyalla Steelworks factory, which produces 75 percent of Australian structural steel. This comes a day after SA Premier Peter Malinauskas took control of Whyalla Steelworks and placed it into administration, saying it was to deal with the company’s waning financial situation. According to the federal government, the $2.4 billion (US$1.…

2 days ago·New York, United States

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The DCN

Whyalla steelworks rescue good news for transporters

Dale Crisp THE SOUTH AUSTRALIAN Government’s Wednesday decision to seize control of the GFG Alliance’s Whyalla steelworks and appoint administrators Korda Mentha, and the state and federal government’s subsequent commitment to a $2.4 billion rescue package has come not a moment too soon for suppliers. While no individual debts – other than to government entities – have been disclosed, financial media puts the total at over $300 million. Service …

1 day ago

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The Queenslander

‘Thank god he’s out’: Joy over steelworks lifeline

A sense of hope and relief has engulfed Whyalla’s residents and businesses, in response to the government’s $2.4 billion support package for its steelworks and creditors. Prime Minister Anthony Albanese and SA Premier Peter Malinauskas announced the package in Whyalla on Thursday, a day after the SA Government rushed legislation through parliament that allowed it to place the steelworks into administration because of the mounting debts of its …

2 days ago

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PerthNow

'Thank god he's out': Joy over steelworks lifeline

Residents, businesses and unions have reacted with relief and hope after a $2.4 billion government package to safeguard the Whyalla steelworks' future.

2 days ago·City of Perth, Australia

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