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Union condemns Gupta group ‘switch from substantial investment’ to idling plant and curbing output
Liberty Steel has announced plans to cut 440 jobs and suspend manufacturing at its plant in south Wales, in a sign of difficulties in Sanjeev Gupta’s metals empire.
The steelmaker on Thursday said it would turn its Newport manufacturing plant into a distribution centre, make idle a site at nearby Tredegar and another at West Bromwich, in the West Midlands, and cut back production of primary steel and steel products at Rotherham, Yorkshire.
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