UK government appoints Credit Suisse to chart out Tata Steel rescue plan
Tue, Sep 8, 2020 5:53 PM

UK government appoints Credit Suisse to chart out Tata Steel rescue plan

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The British government has brought in investment bankers to salvage Tata Steel’s UK business to preserve thousands of jobs, after parent company Tata Steel said it would be unable to fund the European unit’s losses. The country’s biggest steelmaker employs 8,000 people in the UK, including 3,500 at Port Talbot in south Wales.

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