Black Country jobs saved with 13:20, 9 FEB 2017Updated14:10, 9 FEB 2017(Image: Pic: Ben Birchall/PA Wire) The company, which has been trying to coach outlet coupons december 2016 sell its UK operations for almost a year, has sold its speciality steels division to commodities trading group Liberty House Group.
The portfolio comprises service centres in Wednesbury and Bolton, several operations in South Yorkshire and bases in Suzhou and Xi'an, China.Speciality steels directly employs about 1,700 people making steels for the aerospace, automotive and the oil gas industries.The deal was first mooted last November when the two coast handbags outlet companies signed a 'Letter of Intent' in order to enter a period of exclusive negotiations.Jaguar Land Rover heist: How gang stole of engines in SIX MINUTESBimlendra Jha, chief executive of Tata Steel UK, which is part of the same group as Jaguar Land Rover, said: "This is good news for speciality steels and for Tata Steel's core business in the UK."For speciality steels, which is largely independent of our European strip products supply chain, this is an important coach outlet handbags urban step forward in securing a future for the business under new ownership.Start your new career here today "We will be handing over a business which has been transformed following difficult decisions to restructure and refocus on higher value markets."Employees, trade unions and the management team have worked incredibly hard at speciality steels to improve its performance and I'm delighted to say that the business is now on an improvement track which will enable it to thrive in the future.
"Tata Steel is also in discussions with the British Steel Pension Scheme trustee and the Pension Regulator to develop a structural solution for its UK pension scheme in the coming months.Manufacturer targets Middle East after adding in salesThe deal coach outlet discount coach bags does not include its coated narrow strip plant in Walsall.In 2015, Liberty House Group also rescued parts of struggling engineering group Caparo, saving around 300 jobs in Oldbury and Bilston.
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