 "Liberty Steel")
Sanjeev Gupta’s Liberty Steel will cut production in the UK and idle some sites, as soaring energy costs threaten hundreds of jobs across the group.
Steel output at Liberty’s electric arc furnace in Rotherham will be reduced and replaced with imports from abroad. Two of the Liberty’s downstream production units — including a rolling mill in Newport — will be idled, the firm said in a statement Thursday.
As many as 440 jobs could be impacted by the plans, though Liberty will attempt to retain them through its furlough and redeployment program. High energy costs and cheaper imports
Steel output at Liberty’s electric arc furnace in Rotherham will be reduced and replaced with imports from abroad. Two of the Liberty’s downstream production units — including a rolling mill in Newport — will be idled, the firm said in a statement Thursday.
As many as 440 jobs could be impacted by the plans, though Liberty will attempt to retain them through its furlough and redeployment program. High energy costs and cheaper imports
