British Steel buyer will cut up to 500 jobs if takeover goes ahead
(The Guardian Business News)

Unions endorse Jingye´s plans in principle but cannot back reduction in headcountThe Chinese firm buying British Steel will cut up to 500 jobs if it concludes the takeover, after talks with trade unions about pay and conditions.British Steel´s unions - GMB, Unite and Community - said they had agreed a deal over employee pay, terms and conditions but could not give their blessing to the reduction in headcount. Continue reading...