News: Tata Steel confirms criminal investigation
Tata Steel and the Serious Fraud Office (SFO) have both confirmed that a criminal investigation has been launched at Speciality Steels, a business unit of Tata Steel (UK) Ltd based in South Yorkshire.
Tata Steel formally begins sale process
THE SALES process for Tata Steel’s UK plants – including those in Rotherham – begun today.
The company also confirmed today it has sold its Long Products Europe business to Greybull Capital, saving thousands of jobs at its Scunthorpe plant.
But a deal is yet to be found for any of its other plants in the UK – including those at Aldwarke and Brinsworth.
Tata Steel announces Scunthorpe plant deal
Tata Steel has confirmed a deal to sell its Scunthorpe plant in a move that is set to safeguard thousands of jobs.
Tata Steel has confirmed a deal to sell its Long Products Europe business, including its Scunthorpe plant, to UK-based investment firm Greybull Capital.
The move will safeguard more than 4,000 jobs, but workers are being asked to accept a pay cut and less generous pension arrangements.
Greybull said it was arranging a £400m investment package as part of the deal.