Britain's second biggest steelmaker has collapsed and forced into liquidation as a partial result of Brexit uncertainty.
A potential 25,000 jobs are at risk after British Steel failed to secure emergency government funding with potential buyers yet to emerge with a bailout.
ABC's Peter Ryan says British Steel was hurt by Britain's looming exit from the European Union, high iron ore prices and investor jitters from US China trade tensions.
No comments:
Post a Comment
What's your view on this?