British Steel: Takeover by Chinese firm completed

Jingye Group said that the move would save more than 3,000 jobs in Scunthorpe and Teesside and it would modernise the towns’ steelworks. The firm reportedly offered £50m to buy the company after it collapsed and was placed under the control of the UK Insolvency Service last year. Unions have said that although the deal “must be celebrated”, about 450 workers still face losing their jobs. British … https://bbc.in/2QvBx6J

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