The U.K. Parliament authorized the government to seize control of the Chinese-owned British Steel plant in Scunthorpe to prevent its closure and the loss of up to 2,700 jobs.
April 12 The U.K. Parliament authorized the government to seize control of the Chinese-owned British Steel plant in Scunthorpe to prevent its closure and the loss of up to 2,700 jobs.
Members of Parliament approved a government takeover of the steel plant that is owned by Chinese firm Jingye during an emergency session Saturday morning to stop its owners from shutting down two blast furnaces and ending steel production in the United Kingdom, the BBC reported.
The British government and Jingye officials had been negotiating to keep the steel plant open, but those talks broke down, which triggered Saturday’s emergency session of Parliament.
King Charles granted royal assent for the government takeover, and steel workers stopped a group of Chinese executives from accessing » critical parts » of the steelworks Saturday morning, The Times reported.
