TUESDAY 20 AUGUST 2019Hundreds of jobs may go at
British Steel, says new firm
‘I am not focused on headcount but on productivity,’ insists official of
Turkish firm planning to buy the UK business
More than 3,000 British Steel employees work at its Scunthorpe plant (AFP)
OLESYA DMITRACOVA
ECONOMICS AND BUSINESS EDITOR
Several hundred jobs could be slashed at British Steel by the company’s likely new owners as part of efforts
to improve its poor productivity, the Financial Times has reported.
Ataer Holdings, the investment arm of Turkey’s military pension fund Oyak, was unveiled on Friday as the