Steel plant union chief: 'A fantastic day for Teesside'
A £320m deal to sell Teesside's Corus steel plant - mothballed with the loss of 1,600 jobs - is being discussed.
Teesside Cast Products (TCP) was partially mothballed in February when a consortium pulled out of a deal.
Thai steel company SSI has now signed a memorandum of understanding to buy the Redcar site from Corus.
If the deal goes through, a "significant" number of jobs would be created in addition to the existing workforce of over 700.
Geoff Waterfield, site multi-union chairman, welcomed the news, saying it was "a fantastic day for Teesside".
27 Aug 2010
- From the section UK