SSI to close after no potential buyers come forward

The coke ovens and blast furnace at SSI in Redcar are to be closed after no viable offers were received from potential buyers.

SSI halted production on September 18th because of a global drop in the price of steel, and said it had "no other option".

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Corbyn: The Prime Minister 'must step in' and save SSI jobs

Jeremy Corbyn has attacked the Government's "failure" to intervene to save jobs at the Redcar steel plant, urging the Prime Minister to step in, as other governments have.

The Labour leader told the party's annual conference in Brighton that he stood with the people of Teesside, which is reeling from plant owner SSI's decision to mothball iron and steelmaking operations with the loss of 1,700 jobs.

Labour Party leader Jeremy Corbyn making his keynote speech during the third day of the Labour Party conference in Brighton Credit: PA

Mr Corbyn said the Tories' economic policy worked for the few, not the many, while manufacturing continued to decline.

Look at the Tory failure to intervene to support the steel industry, as the Italian government has done. We stand with the people of Teesside, fighting for their jobs, their industry and their community. I call on David Cameron, even at this late stage, to step in and defend these people, just like the Italian government has done."

– Jeremy Corbyn, Labour Leader

Thai company SSI has blamed plunging steel prices for the job losses, which unions warned would deal a "devastating" blow to Teesside and the wider economy.

As well as the 1,700 direct job cuts, thousands of contractors and other workers depend on the Redcar site, where consultations on the redundancies started today.

The Government has set up a taskforce aimed at helping those who will lose their jobs.

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