Shutdown of the Teesside smelter will cost the UK government £ 80 million

October 2, London. The UK government announced on Friday that it will allocate 80 million pounds to support the workers laid off from the country's largest metallurgical plant. In addition, the authorities announced incentive measures to support small businesses in the region.

As reported, the Thai owner of the Redcar plant in Teesside, SSL company, announced the mothballing of capacities in connection with the unprofitable production of steel in the UK. Dismissal notices were delivered to 1,700 employees.

Earlier today, MP and Conservative spokesman James Wharton said that no amount of government subsidies could save the Teesside steel mill. To nationalize the company with huge debts, he said, would mean shifting SSL problems onto the shoulders of British taxpayers.

Since the beginning of the week, Anna Soubri, who oversees the metallurgical sector in the UK government, has been trying to convene an emergency meeting of the authorities and representatives of the country's metallurgical industry, as the closure threatens other enterprises in the industry.