Liberty to sell steel plant 5,000 jobs in the balance – Nationalise the entire Industry!

Workers Revolutionary Party
Steel workers lobby Parliament in defence of jobs
FIVE THOUSAND steel jobs hang in the balance as steel giant Liberty announced plans to sell its plant in Stocksbridge, Sheffield, as part of a ‘major restructuring process’ following the collapse of Greensill Capital.
The Sanjeev Gupta-owned firm, which is the UK’s third largest steel business, has agreed a refinancing plan – which will involve the sale of its aerospace and special alloys steel business based near Sheffield – after weekend talks with creditors.
The company has 12 plants across the UK, including in Rotherham, Stocksbridge and Brinsworth.
Responding to the news, the National Trade Union Steel Coordinating Committee, which includes the unions Community, GMB and Unite, said: ‘Stocksbridge and its downstream plants are strategically important businesses vital to our country’s defence, energy and aerospace sectors.

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