Steel maker Liberty was rocked last week by the implosion of Greensill Capital
Unions have urged the Government to step in if Liberty Steel collapses.
France vowed not a single job would be at risk if the company went under and Community, Unite and GMB have pressed ministers to give the same assurances to workers in Britain.
Steel maker Liberty was rocked last week by the implosion of Greensill Capital, which was the biggest financer to its parent company, GFG Alliance.
Metals magnate Sanjeev Gupta, which owns and runs GFG, is scrambling to find new backers. But the funding troubles could threaten the future of Liberty’s steel plants, which employ 3,000 people in the UK.
Liberty has about 1,200 staff at several steel plants in France. This week French finance minister Bruno Le Maire said he had ‘no worries’ over job losses because the government would step in to protect jobs.
A spokesman for the National Trade Union Steel Coordinating Committee said: ‘We look to the Business Secretary to confirm he will intervene if necessary.’
A spokesman for the Department for Business, Energy and Industrial Strategy said it was still monitoring the situation.
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