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GMB Birmingham & West Midlands Region

Caparo Industries administration is even more bad news

Tuesday, October 20, 2015

CAPARO INDUSTRIES ADMINISTRATION IS EVEN MORE BAD NEWS FOR OUR MEMBERS AND THEIR FAMILIES SAYS GMB

Only government has the power to act on dumping and energy costs and without immediate action the position facing steel workers is dire says GMB

GMB, the union for steel workers, responded to confirmation by PwC that steel firm Caparo Industries has gone into administration.

Joe Morgan, GMB Regional Secretary for West Midlands, said "This is even more bad news for our members and their families.

David Cameron needs to button hole Chinese President Xi Jinping, while he is in London with his 900 strong entourage, to get a stop to dumping Chinese steel in the UK below the costs of making it. Amber Rudd needs to get on with the energy compensation scheme.  Only Government has the power to act. Without immediate action the position facing steel workers is dire"

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