Steelmaker axes UK jobs as prices fall

ReutersNewsPublished: September 29, 201513 views
Published: September 29, 2015

Britain's second-biggest steelmaker SSI UK has announced plans to mothball a plant in northeast England and axe about 1,700 jobs. As Laura Frykberg reports the loss-making company, a unit of Thailand's biggest steelmaker Sahaviriya Steel Industries (SSI), has been hit by a slump in steel prices this year.

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