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British Steel Says Negotiations Ongoing On Its Future

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British Steel Says Negotiations Ongoing On Its Future

British Steel Says Negotiations Ongoing On Its Future

According to Reuters, British Steel, the country’s second largest steel producer, said on Tuesday that negotiations about funding had not concluded and it was working with all parties to keep the company working.

Two sources close to the situation said earlier on Tuesday that the company was on the brink of collapse unless the government agreed to provide an emergency $38 million loan.

A spokeswoman for British Steel said that there was funding in place for salaries to be paid in full in May.

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British Steel Says Negotiations Ongoing On Its Future

UNITED KINGDOM OUT NO SALES NO ARCHIVE PHOTOGRAPH CANNOT BE STORED OR USED FOR MORE THAN 14 DAYS AFTER THE DAY OF TRANSMISSION OCT.

20, 2015 FILE PHOTO UNITED KINGDOM OUT NO SALES NO ARCHIVE PHOTOGRAPH CANNOT BE STORED OR USED FOR MORE THAN 14 DAYS AFTER THE DAY OF TRANSMISSION JUNE 1, 2016 FILE PHOTO




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