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Greensill collapse leaves 5,000 steel jobs in balance

Greensill collapse leaves 5,000 steel jobs in balance

Business
Some 5,000 jobs in the steel industry are in the balance after Greensill Capital, one of the UK's largest speciality finance companies, went into administration.Greensill, whose advisers include the former prime minister David Cameron, is a major provider of finance to Liberty Steel - the UK's third largest steel company. Liberty, which is part of the GFG Alliance controlled by the so-called "Saviour of Steel" Sanjeev Gupta, employs 3,000 people directly at 11 sites including Rotherham and Stocksbridge in south Yorkshire, Newport in South Wales and Hartlepool. Image: Lex Greensill has enjoyed a rags-to-riches rise It also supports at least 2,000 more jobs in the supply chain.The site at Stocksbridge, where 762 people are employed, is ...