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Hopes of lifeline for Sheffield Forgemasters

Reports of secret support package Credit: PA

One of the country's oldest steel manufacturers - Sheffield Forgemasters - seems to have been thrown a lifeline after announcing 100 jobs losses nine days ago.

The company, which specialises in high-quality steel for energy and defences companies including the Trident nuclear submarine programme, blamed the steel crisis in the UK for the redundancies.

But today it is being reported that a secret £30m support package has been brokered involving BAE, Babcock and Rolls Royce.

Sheffield Forgemasters has been hurt by the broader crisis affecting the steel industry, with thousands of British jobs disappearing in the past four months.

The company has seen dwindling revenue from customers in the oil and gas sector, and last week cut 100 jobs in a move described by its chief executive as essential to a turnaround plan that will be partly funded by the new loans.

Rolls-Royce and Babcock have released the following statements.

Rolls-Royce has a very skilled and competent nuclear supply chain of more than 200 suppliers in the UK alone. We place great importance on working closely with those companies to ensure we can deliver the best value for our customers. Sheffield Forgemasters International Limited (SFIL) is an important supplier to our nuclear business. The contractual terms of relationships with our suppliers are confidential.

– Rolls-Royce spokesperson

Babcock works closely with an extensive supply chain across the UK to ensure we deliver best value, continuity and surety for our customers. Sheffield Forgemasters International is a supplier to our business. However, contractual arrangements with our suppliers are confidential."

– Babcock spokesperson

Leeds and York among top UK traveller destinations

York moves up to 13th place Credit: PA

Leeds and York have both retained their places in the UK's top 20 most frequently visited cities by overseas travellers.

Leeds remains at number 12, with York climbing from number 15 in 2014 to to number 13 in 2015 in a survey carried out by Hotels.com.

London continues to reign supreme with Edinburgh, Manchester, Liverpool and Glasgow rounding off the top five and all non-movers.

Leeds remains at number 12 Credit: PA

134 jobs at risk as Brantano footwear goes into adminstration

134 jobs are at risk in our region after the discount shoe retailer Brantano went into administration.

Credit: Press Association

The administrators announced that 2,000 staff are at risk nationally in 140 stores and 60 concessions.

In Yorkshire and the Humber, the figure is around 139 staff in 12 stores.

The stores and the number of staff at risk are listed below:

  • Barnsley 9
  • Bradford 9
  • Doncaster Wheatley 10
  • Guiseley 20
  • Hull Anlaby 14
  • Hull Kingswood 12
  • Keighley 10
  • Leeds Seacroft 2
  • Scarborough 8
  • Selby 12
  • Sheffield Healey 12
  • Wakefield 16

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Asda to axe jobs due to supermarket 'price wars'

Leeds-based supermarket chain Asda has confirmed it is cutting jobs at its head office in the city.

Jobs to go at Asda head office Credit: Chris Radburn/PA Archive/PA Images

Staff are being told today about the latest round of redundancies. The firm says they will be in the "low hundreds."

The business blames price wars between the UK's supermarket chains and changing shopping trends.

It’s well documented that in recent years, customers have radically changed the way they shop. We were the first of the “big four” to recognise this and launch a new strategy in 2013 yet the external pressures have accelerated at an increasingly rapid rate over the last 18 months.

As a result, the industry faces major challenges and the certainty of permanent structural change. In the context of this, we also have to further change the way we do business.

Today, we have started to talk to our colleagues in head office functions about what this means for them. We have made some difficult but necessary decisions but we must discuss these with our colleagues before we talk publicly.”

– Asda spokesperson

Morrisons to close Bradford city centre store

Morrisons is to close its city centre store in Bradford Credit: Press Association

Morrisons is to close its city centre store in Bradford - where the supermarket chain is based.

Despite a better than expected festive sales period, the Westgate store is set to shut.

The firm announced the closure of seven stores yesterday, with the Bradford site the first location to be revealed.

Around ninety jobs will be lost in a move which Morrisons called "regrettable". The grocer said there was no long term viability in the store.

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