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UK government takes control of Speciality Steel, saving 1,450 jobs amid ownership dispute.
The UK government has taken control of Speciality Steel, the country's third-largest steel manufacturer, to save 1,450 jobs.
The plants in Rotherham and Stocksbridge will be managed by the Official Receiver and Teneo, with the government covering wages and operational costs until a buyer is found.
Speciality Steel's parent company, GFG, plans to bid for the business's control.
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El gobierno del Reino Unido toma el control de Speciality Steel, salvando 1,450 empleos en medio de una disputa de propiedad.