Redcar steelworks: Owners SSI go into liquidation
SSI UK, which owns the Redcar steelworks, has gone into liquidation.
The Thai parent company was earlier granted an application to wind up the UK arm of its business at the High Court in Manchester.
On Monday, it was announced the plant on Teesside was to be mothballed with the loss of 1,700 jobs.
In response, the government made an aid package of "up to £80m" available for those affected but has ruled out state intervention at the plant.
Source : Click Me