LABOUR WELCOMES “FANTASTIC NEWS” OF A LIKELY DEAL BETWEEN SSI AND CORUS

tom blenkinsop
Labour MP for Middlesbrough South and East Cleveland today welcomed the news that SSI has signed a memorandum of understanding to acquire Teesside Cast Products.

 

Tom said:  “This is absolutely fantastic news for the people of Teesside and will hopefully secure the future of steel making in our region.  I have had very positive meetings with representatives of SSI and I am confident that they are a strong, financially sound and innovative company.”

 

“This is an acquisition not a joint venture which means that SSI can be the master in its own house. From the announcement, I am confident that this deal, when it goes through, should safeguard all or most of the jobs on site as well as for those companies in the supply chain locally.”

 

“Ever since the timely departure of David Cameron’s friend Kirby Adams, who went to great lengths to block any positive outcome for steelmaking on Teesside, the negotiations have been smooth.  The announcement by SSI makes no mention of the UK Government, so I assume the Coalition stood aside and left this to the two parties without providing any support.”

 

“This is a great day for all those steel workers whose livelihoods have been threatened by the mothballing of the plant and I will do everything I can to ensure that the sale goes through and that SSI protects the jobs that have been threatened.  Can I also take this opportunity to pay tribute to the excellent work done by the trade unions, especially Community, Unite and the GMB, to support the workers and campaign to protect their jobs and their futures.”

 

“This good news follows on from the Corus offshore wind announcement this week.  In view of these developments, Teesside can now be seen to be the premier site for steel-making, processing and related engineering for the UK”


Labour's Shadow Business Secretary, Pat McFadden MP, said;

"This agreement is good news for Teesside and a welcome boost which will hopefully mean steelmaking at the plant for years to come.

"When Labour was in government we did everything we could to bring parties together to try to secure a viable future for the Teesside plant.

"The Government must now do everything to make this agreement work."

ENDS