A firm that saved nearly 5,000 steel jobs is considering a new rescue deal.
Private equity firm Greybull Capital is said to be weighing up a bid for Tata ’s speciality steels arm. The division, which employs around 2,000 people, makes steel for aircraft, oil drilling and cars, and includes two sites in Rotherham and Stocksbridge, near Sheffield.
Neither Greybull nor Tata would comment on the rumours on Tuesday. However, it came as workers voted to accept a temporary 3% pay cut and changes to terms and conditions as part of the deal to sell Tata Steel’s Long Products business to Greybull.
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