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Company "Liberty Steel UK" plans to cut 355 jobs in response to "challenging market conditions" that currently this would not affect the reduction of production, said in a statement.
Liberty Steel UK has made tremendous strides in improving the performance of steel mills, which it acquired over the past six years. We restarted a mothballed plants and has demonstrated a willingness to invest in the UK – said CEO of Liberty Steel UK Cornelius Lawrence.
unfortunately, the steel industry in the country faces difficult conditions, and we made the difficult decision that it is necessary to reduce the workforce in several places to make them sustainable in the long term, he added.
the Bulk of the layoffs – about 250 jobs will be in the County of South Yorkshire. In Rotherham and Brinsworth (County of South Yorkshire) will reduce headcount by about 15 people, and the other cuts in the Newport (Monmouthshire, Wales) 70 positions.
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