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Statement on Liberty Steel bailout

Community
Community
29th March 2021

Following media reports that government has rejected a request from GFG for a £170m bailout, Roy Rickhuss CBE, General Secretary of Community, says:

“We’re in close contact with the company and they continue to pursue every avenue to raise cash and refinance the organisation. Across Liberty Steel UK the local management and trade union representatives are working tirelessly to find a way through this difficult period. These are extremely challenging times, and we hope Mr Gupta will succeed in obtaining the necessary financing with or without government support. However if he is not able to do this then government must step in to protect the jobs and assets. Community is in regular dialogue with the Business Department and we’ve been encouraged by government’s focus on the ongoing situation. Community will continue to engage constructively with all stakeholders as we work day and night to secure the future of our businesses.”


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