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Worker Unions Cautiously Welcome Jingye Deal for British Steel

Steel News - Published on Tue, 12 Nov 2019

Image Source: thetimes.co.uk
Worker Unions have cautiously welcomed an expected announcement that a rescue deal has been struck with British Steel. UK and Ireland’s largest union Unite has cautiously welcomed the news. Unite assistant general secretary Mr Steve Turner said “Unite welcomes news that it appears we are close to a deal being concluded that ends the anxiety felt by thousands of workers, their families and communities and finally brings desperately needed stability to a world class business. However, there have been a series of false dawns in finding a buyer for British Steel and Unite will not be raising any false hopes without seeing detailed plans for the entire business and the ink is dry on the contracts. If and when a formal announcement is made, the workforce will begin to breathe a collective sigh of relief. Unite is seeking a further urgent meeting with Jingye to understand exactly what commitments will be made to the workforce and its proposals for long term investment in the company. Similarly we continue to seek meetings with government to secure a firm commitment that it will now finally ensure that previous empty promises to act to defend the steel industry in respect of tariffs, energy prices and business rates in particular, are finally delivered and aren’t simply a further example of opportunist electioneering.”

GMB has also greeted the proposed sale of British Steel to China's Jingye Group with cautious optimism. Mr Ross Murdoch, GMB National Officer, said “On the face of it we cautiously welcome this sale which finally provides some light at the end of the tunnel for 4,000 British Steel workers. GMB also met with Chairman Li and his senior team in Scunthorpe on 30 October. We were impressed with the passion and enthusiasm from the Jingye team. However due diligence on this sale was completed very quickly and the devil will be in the detail. As such we will seek an urgent meeting with the Jingye group to discuss their precise strategy. GMB’s position is the new owner takes on the whole workforce on existing terms.”

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Posted By : Rabi Wangkhem on Tue, 12 Nov 2019
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