This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/uk-england-tees-34437912
The article has changed 3 times. There is an RSS feed of changes available.
Version 0 | Version 1 |
---|---|
Redcar SSI steel: Plan for future production submitted | Redcar SSI steel: Plan for future production submitted |
(35 minutes later) | |
A plan to secure the mothballed Redcar SSI plant's future return to steelmaking has been submitted to its official receivers. | A plan to secure the mothballed Redcar SSI plant's future return to steelmaking has been submitted to its official receivers. |
The plant's Thai parent company was granted approval to wind up its UK arm with the loss of 1,700 jobs. | The plant's Thai parent company was granted approval to wind up its UK arm with the loss of 1,700 jobs. |
Redcar Labour MP Anna Turley said the latest proposal "would pay for itself". | Redcar Labour MP Anna Turley said the latest proposal "would pay for itself". |
Businesses who are "very highly engaged with the plant... are willing to put in substantial amounts of their own money to keep it running", she said. | Businesses who are "very highly engaged with the plant... are willing to put in substantial amounts of their own money to keep it running", she said. |
A task force including businesses and the local authority has been set up in response to the Redcar closure. | |
'Bail out banks' | |
Business Secretary Sajid Javid said he could not intervene to keep the plant going but would help workers find new jobs. | Business Secretary Sajid Javid said he could not intervene to keep the plant going but would help workers find new jobs. |
Speaking on BBC Sunday Politics Mr Javid there was no guarantee putting taxpayers' money into keeping the coke ovens going "would help a single British worker". | Speaking on BBC Sunday Politics Mr Javid there was no guarantee putting taxpayers' money into keeping the coke ovens going "would help a single British worker". |
"It would have helped banks in Thailand and I'm not going to use British taxpayers' money to bail out Thai banks," he said. | "It would have helped banks in Thailand and I'm not going to use British taxpayers' money to bail out Thai banks," he said. |
He conceded unemployment on Teesside was about 9%, significantly higher than the national average, but said there was "lots of opportunity". | He conceded unemployment on Teesside was about 9%, significantly higher than the national average, but said there was "lots of opportunity". |
The government has announced an aid package of "up to £80m" for those affected but ruled out state intervention at the plant. | The government has announced an aid package of "up to £80m" for those affected but ruled out state intervention at the plant. |
The official receiver should "maximise the value" of the plant which was "worth a lot more if it's properly mothballed and can be bought", Ms Turley said. | The official receiver should "maximise the value" of the plant which was "worth a lot more if it's properly mothballed and can be bought", Ms Turley said. |
The coke ovens are essential for any future production on the site. | The coke ovens are essential for any future production on the site. |
Evidence from France, Germany and Italy suggested UK steel making could be profitable in the future, Ms Turley said. | Evidence from France, Germany and Italy suggested UK steel making could be profitable in the future, Ms Turley said. |
"We are going to have to deal with the dumping of steel from China but steelmaking in the UK is still viable," she said. | "We are going to have to deal with the dumping of steel from China but steelmaking in the UK is still viable," she said. |