More talks are being held today in an attempt to find a rescue plan to save the Redcar steel works.Read the full story ›
The Middlesbrough MP Andy McDonald has joined calls for the Government to do all it can to save steelmaking on Teesside.
It follows the announcement the firm SSI is pausing iron and steel production at its Redcar plant.
Talks are already underway to form a task force to help those affected, as Julie Harrison reports:
SSI UK have announced that steelmaking on Teesside is being paused.
They say it is due to ongoing issues with the supply of raw materials and services.
Preparations are being made to systematically reduce the production during the course of today, with a view to retaining the plant in a condition whereby it can be brought back into production at an appropriate point.
Redcar Coke Ovens and the Power Station will continue to operate at a reduced level.
Production at South Bank Coke Ovens will cease and the plant will be mothballed.
“It is with great regret that we have had to make this announcement and we are deeply aware of the concern it will give to our employees and their families.
The problems within the global steel industry have been well publicised in recent weeks and our decision follows a major deterioration in steel prices affecting our business during the course of this year. Our parent company and other stakeholders have given great support to the business, and the decision to pause our iron and steel production has been taken reluctantly and in a scenario where no other practical options are available at present.
We are taking this pause in production in order to re-evaluate and assess the situation following the outcome of ongoing discussions with our various stakeholders, including Government and suppliers. Discussions will be held as soon as possible with our trade unions and employee representatives to clarify the effect the production pause will have on our employees ”
One of the world's biggest cable-making machines has opened on Tyneside, securing more than 150 jobs and millions of pounds of investment.
It was officially opened this morning - to an unusual fanfare.
This is the dramatic moment showing the unveiling of a machine that makes sixty-kilometre-long tubes, allowing oil companies to reach the most remote parts of the sea.
MPs, councillors and business leaders gathered in Newcastle this morning (May 22) to witness the opening of one of the world's biggest cable making machines.
The 'Vertical Helix Assembly Machine' makes sixty kilometre long tubes, so oil companies can reach the most remote parts of the sea.
Bruce Shepherd from Shepherd Offshore says Tyneside is proving to be at the forefront of the subsea industry and it is providing great opportunities for young people.
A giant steel tube maker has been opened on Tyneside, securing more than 150 jobs and millions of pounds of investment.
The 'Vertical Helix Assembly Machine' builds cables that are up to 60km long, and can extract oil from the bottom of the sea.
It is the only machine of its type in the world. The manufacturers had to build one of Europe's biggest single-storey buildings in Newcastle to accommodate it.
Businessmen at the launch said it helps continue the redevelopment of the Tyne, after the end of shipbuilding more than 20 years ago.
Craig Wilson says the blast furnace being relit allowed him to follow in the same footsteps as his father, grandfather and great-grandfather. He and his father both started their careers as apprentices.
Harry Wilson is the third generation of steelworkers in his family to work at the Redcar blast furnace. His two sons also got jobs there when steelmaking returned to Teesside last year.
A statue made of steel will be unveiled in Redcar this morning in memory of the late union chairman, Geoff Waterfield. The 43-year-old led the campaign to bring steel making on Teesside, he died suddenly in August 2011.