British Steel staff positive on Chinese buyout plans after pension collapse

clock • 1 min read

A lifeline for British Steel in the form of a Chinese buyout would have positive implications for its workers caught up in its defined benefit (DB) pension transfer scheme saga.

News this morning that Chinese steel producer Jingye Group has agreed in principle to purchase the Scunthorpe-headquartered business for £70m has been welcomed by local employees. The potential ...

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