Greybull deal gives Teesside steel a future. We must now ensure jobs are futureproof

Labour MP for Redcar, Anna Turley, has today welcomed the news that the sale of Tata’s Long Products Division to Greybull Capital has been completed, and has said the focus must now be on ensuring the long term future of the sites on Teesside.

The sale includes Teesside Beam Mill at Lackenby and the Skinningrove site, as well as sites in Scunthorpe, York and Workington, which will now operate under the British Steel brand.

Anna said:

“After a very turbulent time for the steel industry, particularly on Teesside, this deal is welcome news and will be a relief for the workforce who will have spent many months worrying about the future of their jobs.

This is a successful business with a highly skilled workforce producing high quality steel products and the priority must now be to ensure this a sustainable deal which will secure jobs on Teesside for the long term.

The workforce have demonstrated their dedication and hard work throughout the process, agreeing to a temporary wage cut to help the business. The Government must now play their part to help the industry weather the current storm in the global market.“

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  • commented 2016-06-19 23:31:01 +0100
    I hope the future for Greybull will be very successful this area and the country needs the steel industry because of its excellent quality and the pride the people who work this industry have to keep it going. I hope other industry rebuilding which was taken away from us in this country can be re-invented