France’s government will safeguard Liberty Steel’s workers affected by any potential fallout from the company’s current financial difficulties.
The country’s Minister of the Economy and Finance, Bruno Le Maire said in a televised statement on Mar 9 that the state would protect the workers of Hayange, Ascoval, and Dunkirk, and would be able to “bridge the gap and find alternative solutions” if Liberty’s entities in the nation underwent any financial stress.
GFG Alliance’s chief executive officer and chairman, Sanjeev Gupta, reportedly assured British trade union representatives earlier this week that Liberty Steel had sufficient funds to meet current obligations and was in the process of sourcing alternative long-term financing options.