Liberty Steel: Gupta comments ‘welcome’ but must be backed up by proof of finance

These guarantees without showing financial backing just raises further questions

These guarantees without showing financial backing just raises further questions

GMB, the steel union, has responded to comments by Sanjeev Gupta, the Liberty Steel owner, that he would not give up on the company's workers and none of the plants would close under his watch.

Ross Murdoch, GMB National Officer, said:

“Mr Gupta’s comments are very welcome – and will be welcomed by Liberty Steel workers across the country.

“But to be able to give these guarantees with such confidence you have to assume he’s found the financing required to keep the company going. “If that’s the case he needs to let people know and stop workers worrying about their jobs.

“Otherwise these comments just raise further questions.”