Sign In
British Steel Collapses | Forum
advertisement
Maklarr4000
May 23 '19
Never a good sign when a business "collapses" but here we are. One of Britain's largest steel manufacturers, British Steel (formerly owned by Indian heavy industry leader TATA Corporation) has run out of money and faced a hard stop- effectively ending operations and throwing the entire operation and their roughly 25,000 employees and support personnel up in the air. Not good.
The Forum post is edited by Maklarr4000 May 23 '19
Maklarr4000
Jun 4 '19
An update: British Steel's former owner is looking to buy parts of the company back out of bankruptcy, but pretty much nothing in the UK. Further, the Brexit leaders are looking to turn British Steel around yet in some capacity, but whether that is even possible remains to be seen. News articles below:
GreyBull news:
Brexit Intervention news:
advertisement
