A deal has today been reached between GFG Alliance and HM Revenue and Customs. This has resulted in the withdrawal of winding-up petitions previously issued.
Alun Davies, National Officer for Community the steelworkers’ union, said:
The unions have been pressing HMRC and GFG to negotiate and the deal is extremely welcome. This is the best route to protect jobs and the deal will increase confidence that GFG is committed to Liberty Steel UK. GFG must now make good on promises to refinance Liberty Steel and deliver the investments we need to secure a long-term sustainable future.
It’s high time the Government stepped up to support Liberty Steel, and all British steelmakers, by taking urgent action to bring our unaffordable energy prices into line with EU competitors. Liberty Steel is a strategically important business and has a crucial role to play producing green steels for a low-carbon economy.
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