UK steel firm Cleveland Bridge collapses into administration

uk steel firm cleveland bridge collapses into administration

Sumary of UK steel firm Cleveland Bridge collapses into administration:

  • A Darlington engineering group has collapsed into administration in yet another blow to the steel industry.
  • Around 220 jobs are at risk at Cleveland Bridge, which helped build the Shard skyscraper in London (pictured), the Wembley Stadium arch and the Sydney Harbour BridgeCleveland Bridge, founded in 1877, was in talks with its owner, Saudi Arabian Al-Rushaid Group, to secure an extra £6million of funds but this was unsuccessful.
  • British Steel went bust in 2019 and Sanjeev Gupta’s Liberty Steel has been fighting for survival after its main lender Greensill Capital failed.

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