HUNDREDS of jobs have been saved in a boost for the Mirror’s Save Our Steel campaign.
Liberty Steel announced it was pumping £50million into its plant at Rotherham, South Yorks, which will protect most of the 1,000 posts there.
It comes amid a restructure of GFG Alliance, Liberty’s owner, which was left in trouble when key lender Greensill Capital collapsed in March.
The Rotherham site can now reopen. It was closed in the spring.
Jeffrey Kabel, the company’s chief transformation officer, said: “The injection of £50m of shareholder funds into Liberty Steel UK is an important step in our restructuring.”
This story is from the October 12, 2021 edition of Daily Mirror.
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This story is from the October 12, 2021 edition of Daily Mirror.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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