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From The Socialist newspaper, 31 March 2021

Nationalise Liberty Steel to save jobs

Port Talbot steelworks, photo Grubb (Creative Commons)

Port Talbot steelworks, photo Grubb (Creative Commons)   (Click to enlarge)

Liberty Steel, employing 5,000 workers, mainly located in Rotherham, has gone bust. The government has rejected a 170 million bailout demand from its tycoon boss Sanjeev Gupta.

The demise of the steelmaking company follows the collapse of its principal backer Greensill Capital. It's reported that former Tory PM David Cameron acted as a paid adviser to Greensill and had lobbied the chancellor Rishi Sunak for coronavirus support loans.

This mix of big business and leading Tories gets murkier. According to the Times: "Lex Greensill, the owner of the finance firm, enriched himself through a government backed loan scheme he designed after Cameron gave him access to eleven departments and agencies".

As the recent scandal of government-backed secretive PPE contracts has revealed, handing over government keys to big business is no historic anachronism but a commonplace.

The trade unions should demand nationalisation of the ailing steel company to save jobs and working-class communities, along with a public, independent workers' inquiry into the Greensill/government funding arrangements.

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In The Socialist 31 March 2021:


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Warning: Labour Party cutters - careful who you phone!


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Socialist analysis

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NHS pay: 15% now!


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Trade union fighters rally to support victimised workers

BT Openreach engineers step up the pressure with five-day strike action

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SPS Technologies workers strike against potential pay loss of 3,000 a year

Deskilling protests by sparks electricians continue

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The Socialist Inbox


 

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Related links:

Steel:

triangleTory government nationalises Sheffield steel plant

triangleSteel site scaffolders strike for the 'rate of the job'

triangleFight Tata Steel jobs threat - nationalise now!

triangleNationalise Tata Steel to save jobs

triangleTata announces 1,000 job cuts - Steel unions must fight for every job!

Nationalise:

triangleSave jobs and services - nationalise rail

triangleMake vaccine technology public, nationalise big-pharma

triangleSave jobs, save livelihoods, save GKN Automotive - nationalise the plant!

triangleGreat British Railways shake-up offers no end to profiteering

Jobs:

triangleWe won't pay for capitalism's failings

triangleYouth Fight for Jobs launches campaign in Brighton

triangleOrganising to defend our future: 9 October day of action

Government:

triangleOn the frontline, and still fighting for the NHS

triangleClimate change, capitalism, and the struggle for socialism

Big business:

triangleScrap the privatising health and care bill

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