Liberty Steel Group is planning to cut hundreds of jobs in South Yorkshire and South Wales after a review of its UK business in response to "challenging market conditions and a lingering reduction in demand for UK steel products", the company announced.
There will now be a consultation process with unions over a proposal to cut around 280 jobs at its plant in Stocksbridge, South Yorkshire and around 70 in Newport, South Wales.
Liberty Steel UK chief executive Cornelius Louwrens said:
The firm will offer voluntary redundancy to workers at the affected sites, and has set up a new company, GFG Workforce Solutions, to enable employees hit by the cutback, to remain within the GFG Alliance, a group of companies which includes Liberty.
GMB, the union for steelworkers, has responded to the news.
Ross Murdoch, GMB National Officer, said:
MP for Penistone & Stocksbridge Miriam Cates says:
A UK Government spokesperson said: