Representatives of China Jingye and Union bosses British Steel reached an agreement for the sale of the plant, according to The Guardian< / span>. Support from trade unions confirmed with sources close to the discussion, eliminates the last potential obstacle in the way of the deal, the report said.
China Jingye became the main contender for the purchase of British Steel after signing late last year of the agreement to purchase the company for approximately £ 50 million and promise to invest about 1.2 billion pounds to return to its former glory leading steel plant in the UK.
Despite the promise of investment, acquisition, expected to lead to layoffs, adding even more job cuts in the steel sector of the country already experiencing a reduction in other places.
the UK Government, which provided compensation for the financing activities of the enterprise, and which, according to soobseniemloses up to 1 million pounds a day, intends to complete the sale of British Steel and save more than 4,000 jobs by the end of February.
