Responding to reports that Caparo is to go into administration putting 1,800 jobs at risk, Roy Rickhuss, General Secretary of Community, the steelworkers’ union said:
“This news is another devastating blow to Britain’s steel industry. Caparo’s workforce produce high quality finished steel products and has been battling against an increasingly challenging global market. The loss of 1,800 jobs would have a serious impact on the communities around Caparo’s workplaces.
“This news is a tragic reminder of the urgent need for government action to help our steel industry survive. Crippling energy costs and the dumping of cheap Chinese steel is threatening the very future of the UK’s steel sector.
“We will be working to support our members within Caparo at this difficult time and are seeking an urgent meeting with the company to understand exactly how this announcement will impact the workforce.
“This is an industry wide crisis. It is vitally important that Britain’s steel companies hold their nerve and that government works with unions and the industry to build a sustainable future for UK manufacturing with steel at its heart.”
1. Community is the largest and leading trade union in the steel industry.
2. For more information, contact Callum Munro on 07821250904 or Matt Ball on 07799772250.