George Osborne
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Redcar steelworks: 'Huge support package in place' says Osborne

SSI UK, which owns the Redcar steelworks, has gone into liquidation.

The Thai parent company was earlier granted an application to wind up the UK arm of its business at the High Court in Manchester.

On Monday, it was announced the plant on Teesside was to be mothballed with the loss of 1,700 jobs.

Chancellor George Osborne said the news was ''very concerning'' to the workforce, but ''a huge package of support'' was in place.

  • 02 Oct 2015
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