Trade union officials and MPs have voiced fresh concerns about the prospect of British Steel being sold to the Turkish military pension fund. Ataer Holdings, owned by the Turkish army retirement fund Oyak, is in exclusive talks to buy British Steel out of liquidation, with the result of discussions likely to be announced within weeks. If it goes ahead, the takeover is expected to secure the future of a site in Scunthorpe, one of the UK’s last two blast furnace steelworks, as well as the jobs of more than 4,000 staff. But reports of alleged atrocities committed during the Turkish army’s incursion into Syria have resulted in misgivings among campaigners, trade union officials and MPs about the prospect of British Steel being subsumed into the investment portfolio of Oyak, which funds soldiers’ retirement payouts. Union staff are also seeking assurances the Scunthorpe site won’t be used to supply the Turkish military in future. The Labour MP Lloyd Russell-Moyle, … [Read more...] about Prospect of Turkish rescue of British Steel raises union concerns
British steel pension fund
Wales By Jordan Davies BBC News 14 October 2019 Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.co.uk/news/uk-wales-50017748 Read more about sharing. These are external links and will open in a new window Close share panel A plan is being put together by workers to save the Orb steelworks in Newport.The proposal is based on a new … [Read more...] about Steel union’s plan to save Tata’s Orb plant in Newport
The yellow cranes were nicknamed Samson and Goliath, soaring steel giants that defined Belfast’s skyline and symbolised Northern Ireland’s industrial might. Hulking over the Harland and Wolff shipyard, each could lift loads weighing hundreds of tonnes, dangling them like playthings over thousands of workers below who hammered and clanged and welded – a thunderous, daily cacophony. It was a moment of immense pride every time an ocean liner, tanker, ferry or navy vessel slid down the ramp into the waters of the River Lagan. A 1986 company history book was titled Shipbuilders to the World. Few seemed to notice or care that in the Old Testament Samson and Goliath came to bad ends: one betrayed, the other slain. Their Belfast counterparts this week experienced their own twist of fortune. Harland and Wolff Heavy Industries, since 1861 the maker of some of the world’s most famous ships, including the Titanic, collapsed into administration. The two great cranes are now … [Read more...] about Sound of silence: will shipyard that built Titanic vanish into history?