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SynopsisThe largest Czech steel mill, Liberty Ostrava, a part of the UK-based Liberty Steel Group, has petitioned for creditor protection. With a 30-day window
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Liberty Steel Group is facing a financing squeeze following the collapse last month of its major financier Greensill Capital.
All labor unions at Liberty Steel Ostrava have now issued strike warnings due to their increasing concerns at the situation facing Liberty Steel Group and its parent, the international group GFG Alliance, the OS KOVO Liberty Czech Republic union, the works biggest union, announced on its web pages April 13.
Liberty Steel Ostrava has an annual production capacity of 3.6 million mt and employs around 6,000 people.
A GFG Alliance spokesperson said in an emailed statement that GFG is deeply disappointed by the response of the unions to the current situation at LIBERTY Ostrava, which can only add to the uncertainty following the collapse of Greensill. We are ready to engage with the unions to reduce their concerns over the issue they have r