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British Steel plans to cut 260 jobs in Britain

The Chinese-owned British Steel Corporation announced that it intends to cut 260 jobs in Britain after it was affected by high-energy costs.

Last year, the company said its energy costs increased by 190 million pounds ($230 million).

It added, “Determined action is required due to the unprecedented rise in operating costs, rising inflation and the need to improve environmental performance.”

The Company indicated that it plans to close the coke ovens at its factory in Scunthorpe, northern England, which will help the Group build a green and sustainable future.

The announcement comes as the Company, which has been owned by China’s Jingye Group since 2020, is seeking financial support from the UK’s government.

In response to the planned job cuts, the Conservative government expressed disappointment. “It is extremely disappointing that British Steel chose to take this step for its employees during our negotiations with the sector,” it said.

It added, “We stand ready to support the affected employees and will continue to work with the company to find a zero-carbon, sustainable and competitive solution for the business and the wider sector, which plays a vital role in the UK economy.”

It is said that Britain is planning grants totalling £600m to help British Steel and India-owned Tata Steel on replacing highly polluting furnaces with less carbon-intensive technology.

The Company employs about 4,000 workers in the UK.

Union said, “It would fight to defend every job that is threatened,” Noting that “the proposed job losses are a direct result of Jingye’s failure to honour its commitment to making a significant investment in the plant.

The Union also decried the government’s abject inability to produce a coherent industrial strategy to protect the UK’s steelmaking capacity.


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لوريم ايبسوم هو نموذج افتراضي يوضع في التصاميم لتعرض على العميل ليتصور طريقه وضع النصوص بالتصاميم سواء كانت تصاميم مطبوعه لوريم ايبسوم ليتصور طريقه لوريم ايبسوم.

About AISU

Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.


92 Members

28 Board of Directors

17 Country

300.000 Employees

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