Fears are growing for 4,000 jobs at British Steel as its Chinese suitor warns that capital controls imposed by Beijing are complicating its plans to invest in the site.
Jingye Group, which emerged from obscurity to become the lead contender to buy the vast Scunthorpe steelworks in Lincolnshire, is understood to have said the deal is being hampered by controls on capital outflows imposed by the Chinese state.
A collapse of the rescue would pose an immediate headache for Boris Johnson after his election victory, putting at risk 4,000 steelworkers’ jobs and a further 20,000 in the supply chain. Scunthorpe was among the former Labour seats that turned blue on Thursday night.
Jingye insists it is on course to complete the deal by the end…
"steel" - Google News
December 15, 2019 at 07:01AM
https://ift.tt/2temndi
4000 steel jobs at risk as Jingye Group rescue of Scunthorpe held up by Beijing's capital controls - The Times
"steel" - Google News
https://ift.tt/2YnEY1Z
Shoes Man Tutorial
Pos News Update
Meme Update
Korean Entertainment News
Japan News Update
No comments:
Post a Comment