British Steel has said it will end a consultation on up to 2,700 redundancies, after the government took control of the firm earlier this month.
An emergency bill to save British Steel’s Scunthorpe blast furnaces became law after MPs were urgently recalled to the House of Commons.
It meant the steel plant in Scunthorpe continued to operate as the government decides on a long-term strategy, and steelmaking in the UK more broadly.
The announcement that jobs are secure follows confirmation of a stable supply of raw materials and the appointment of new leadership at British Steel. The plant was due to run out of raw materials, requiring production to stop at Britain’s only virgin steel furnace.
Other steel works, such as in Port Talbot, Wales, produce steel from scrap metal using electric furnaces.
It’s part of efforts to stabilise British Steel’s blast furnace production after the emergency bill was passed on 12 April.
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