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Asia Times

Covering geo-political news and current affairs across Asia

Tag: British Steel

Posted inChina

Chinese firm saves 3,200 jobs with British Steel rescue

by Dave Makichuk March 16, 2020March 16, 2020

Not only has Chinese steelmaker Jingye Group saved British Steel and the 3,200 jobs that go with it, it has pledged to invest 1.2 billion pounds for modernizing British company’s plants and rejuvenating the business, China Daily reported. Under the deal — which saved the company from the hammer of liquidation — Jingye has acquired […]

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