Mayor issues statement as fears for future of Liberty Speciality Steel grow

Mayor issues statement as fears for future of Liberty Speciality Steel grow

South Yorkshire’s mayor has issued a statement as fears for the future of Liberty Speciality Steel grow.

News: Liberty lurches from one legal battle to the next over insolvency

Liberty Speciality Steel withdrew a restructuring plan put before the courts just before a judge was due to decide if it could go ahead. With a lack of agreement with key creditors, lawyers representing them have previously said it was unlikely to be sanctioned anyway due to the money owed. After pulling its "Part 26A" restructuring plan, as reported by Global Restructuring Review, Liberty Speciality Steel, which has operations in Rotherham and …

Mayor steps in after fresh blow to steel workers

SOUTH Yorkshire’s Mayor is to work with the business secretary to try to safeguard the future of Liberty Steel, which has a plant in Rotherham, following the latest twist in the company’s precarious fortunes.