Jingye sends contract offers to 3,200 staff, with 400 told they would be made redundant
The sale of British Steel to Jingye is to be finalised next week, after the Chinese industrial firm sent contract offers to 3,200 staff and told 400 they were no longer needed.
Nearly 10 months after British Steel collapsed into insolvency, a rescue deal is on the verge of completion. Staff who are to be made redundant have been told this will take effect when the transaction completes on Monday.
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