British steel to cut 2,500 jobs despite 600m taxpayer-funded green initiative
Briefly

British Steel aims to replace its Scunthorpe blast furnaces with greener production methods, risking 2,500 jobs amid financial struggles and significant losses.
Union leaders express outrage over British Steel's decision to close the Scunthorpe furnaces prematurely, highlighting the lack of consultation and the dire implications for the community.
The closure frames a broader debate about the UK's reliance on foreign steel, impacting critical sectors such as construction and energy, amplifying job security concerns.
Labour's negotiations with Jingye over a potential rescue have introduced a political layer to the crisis, with accusations of betrayal echoing within industry circles.
Read at Business Matters
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