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Hopes rise for workers' jobs

Buyer ‘due to announce deal’ for Scottish steel plants

DalzellA deal has been reached to sell the Tata Steel works in Motherwell and Cambuslang, according to sources.

International metals firm Liberty House is said to have agreed to buy the plants in Clydebridge in Cambuslang and Dalzell in Motherwell.

An announcement is due this week that will maintain production. It was not clear how many of the 270 jobs will be saved, though 20 workers were kept on after the closure was announced last year.

Liberty Steel expressed an interest in January and appears to have got the nod after private equity group Greybull Capital decided not to pursue its initial interest in the Scottish plants.

A deal, if confirmed, would be the culmination of Scottish government efforts to find a buyer.

Liberty restarted production at a plant in Newport which had been closed for more than two years.

The company has not confirmed a report in The Sunday Post which states that it “did not wish to comment at this stage.”

 



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