Ta-Ta to Tata
The BBC tells us that… Tata Steel has sold its Long Products Europe business, including its Scunthorpe plant, to investment firm Greybull Capital for a token £1 or €1. The move will safeguard more than 4,000 jobs, but workers are being asked to accept a pay cut and less generous pension arrangements. Greybull said it was arranging a £400m investment package as part of the deal. Is that … Continue reading