What about British Steel staff? Buyers seeking British Steel break-up circle the embattled business ... A break up would likely mean heavy job losses with struggling parts of the integrated business unlikely to find a buyer. A buyer for British Steel will receive hundreds of millions in incentives and support from the Government to help seal a deal.. The uncertainty continues for about 5,000 British Steel employees. Ministers are thought to be pushing for a single buyer for British Steel British Steel - Preferred Buyer Announcement. Chinese industrial firm Jingye is set to rescue British Steel after agreeing a £70m deal that could save up to 4,000 jobs and help support 20,000 more in the supply chain. Government looking for new owner for British Steel Scunthorpe works - full statement It has been flagged as a potential buyer, with a clear interest in the plant it has there. Les négociations pour une aide d’urgence avec l’Etat britannique ont échoué. British Steel, repreneur d’Ascoval, est officiellement en faillite. However, it could be several weeks before a buyer or buyers are announced. Bidders circle around British Steel amid frantic effort to find buyer for collapsed firm as 25,000 jobs hang in the balance. British Steel’s Chinese buyer intends to continue pursuing the company’s French arm after completing the takeover of the rest of the group and saving 3,200 jobs. British Steel buyer plans job cuts and output push Turkish acquirer to tackle ‘very low’ productivity and switch from coal to gas power A blast furnace at British Steel's Scunthorpe plant. Awards and competitions Events News Home. British Steel enters compulsory liquidation, threatening 5,000 jobs directly and 20,000 more indirectly. The Official Receiver and Special Managers from EY have confirmed that parts of the business and assets of British Steel have been sold to the Chinese steelmaker Jingye.

The future of 4,500 British Steel workers looks secure with Turkish buyer Ataer Holdings revealing plans to boost output at the stricken business.