Caparo workers in Hartlepool told ITV News Tyne Tees that they have lost their jobs with immediate effect. Our correspondent Frances Read is at the site, awaiting official confirmation.
Workers at Caparo in Hartlepool tell me they've lost their jobs with immediate effect - still waiting for confirmation from Caparo itself.
"On Monday 19 October, Administrators from PwC, were appointed to 16 companies within the Caparo Industries Group.
Following their appointment the Administrators have worked closely with customers, suppliers, employees and their representatives, including three trade unions who represent the Caparo Industries Group workforce.
Today, a trading and administration update is being provided to employees and their representatives across those businesses in the Caparo Industries Group over which PwC are appointed.
No further comment will be made until that update has been provided to all of the employees.
A further announcement will be provided later today."
134 workers at the Hartlepool steel firm are expected to find out if they still have a job today.Read the full story ›
Durham Police has issued a warning over 'Talk Talk' phone scams after a number of customers were the victims of fraudulent telephone calls.Read the full story ›
Redcar MP Anna Turley has demanded that the Government release the money it has promised for the training of former steelworkers.Read the full story ›
Steelworkers have gathered in Westminster to call for the Government to introduce immediate measures to prevent further job losses.Read the full story ›
Workers from steel communities in Teesside will lobby MPs today as part of growing demands for Government action.Read the full story ›
The steelworkers’ union Community is taking its campaign to save the UK steel industry to Parliament this week. On Tuesday, Community’s General Secretary, Roy Rickhuss, will give evidence to the House of Commons Business Innovation and Skills Select Committee inquiry into the steel crisis.
On Wednesday, dozens of Community members from steelworks across the UK will travel to Parliament to lobby MPs ahead of an Opposition Day debate on the steel industry.
- Read more on the steel crisis
The UK steel industry has seen around 3,000 job losses in recent weeks, following the closure of SSI in Redcar and proposed redundancies at Tata Steel sites in Scunthorpe and Scotland. The crisis has been caused by the dumping of cheap Chinese steel into the world market, and high energy costs.
The Conservative peer Lord Heseltine said yesterday that now is 'probably as good a time as any' for steelworkers to lose their jobs given growing employment opportunities in the UK.
He made the comments during an appearance on the 'Murnaghan' programme on Sky News.
The SSI steelworks in Redcar closed down earlier this month with 2,000 job losses after failing to turn a profit for its Thai owners. Further jobs losses in the steel industry came when Tata steel announced cuts to its staff at sites in Scunthorpe and Scotland. The total number of jobs cut in the steel industry in recent weeks is nearly 3,500.
The crisis in the steel industry has been caused by the dumping of cheap Chinese steel into the world market, and high energy costs in the UK. Lord Heseltine also added that it would have been 'very questionable and expensive' for the government to have kept steel plants open because 'the market is unstoppable and invariably it wins.'
He said the job losses were 'very painful for the people who suffer but on the other hand, if you are going to lose your job this is probably as good a time as any because of the number of new jobs in the economy today is one of the most exciting features of this economy compared with many others.'
A torchlit procession is being held on Teesside on Saturday evening, October 24, as a show of solidarity for the more than 2,000 who lost their jobs after the collapse of SSI UK.
The coke ovens and blast furnace at Redcar were shut down earlier this month, just days after the company entered liquidation due to financial difficulties.
Many more jobs are expected to be affected in the wider supply chain.
A procession to the top of Eston Nab is being held this evening to pay tribute to those who have worked in the steelmaking industry on Teesside over the past 170 years.
The Sunderland-based group says will be looking for voluntary redundancies and staff seeking early retirement should come forward first.Read the full story ›