UNION leaders and MPs have welcomed the news Rotherham’s Tata steel plant has been saved from closure in a £100 million deal.
It was announced yesterday that Tata Steel has signed an agreement to sell its South Yorkshire specialty steels operation, including plants at Aldwarke, Brinsworth and Stocksbridge, to London-based Liberty House Group.
Relief for steelworkers as £100m sale of Stocksbridge and Rotherham plants finally agreed
Steelworkers can start to look forward to a ‘degree of stability’ after the sale of two South Yorkshire plants was agreed.
Tata Steel today confirmed the long-awaited deal to sell its speciality business to Liberty House Group for £100 million.
Tata agrees Yorkshire speciality steel site sale
Tata has confirmed it has reached an agreement to sell its speciality steels business for £100m.
The business, which employs around 1,700 workers, is based in Rotherham, Stocksbridge and Brinsworth in South Yorkshire.
Tata said the deal with Liberty House Group was an “important step” in securing the long-term future of the business.
Steel union Community said the agreement was a “welcome step forward”.