Mixed feelings from Whyalla workers amid uncertainty around GFG Alliance s financial woes
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updated 1
The Whyalla steelworks is again facing an uncertain future.
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The relative success of Sanjeev Gupta s Whyalla operations has some locals hopeful that legal action against the billionaire will not leave them without jobs, but other are less convinced.
Key points:
Workers are split about how their future looks
The state government says it is looking at supporting contractors
Citibank yesterday made an application in the NSW Supreme Court to wind up the operations of two companies, including OneSteel Manufacturing which runs Whyalla s steelworks, and employs more than 1,200 workers.
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Credit Suisse moves to liquidate Whyalla steel mill, Tahmoor Coal
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Investment bank Credit Suisse has launched legal action that could potentially put the Whyalla steel mill and other steel assets owned by billionaire tycoon Sanjeev Gupta into liquidation.
Citigroup has filed an application on behalf of Credit Suisse in the New South Wales Supreme Court seeking to wind up two entities that are a part of Mr Guptaâs Australian business empire over debts associated with failed financier Greensill Capital.
Sanjeev Gupta standing outside one of the OneSteel mills he bought in 2017.
Credit Suisse moves to liquidate Whyalla steel mill, Tahmoor Coal
smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.