Prospect of Turkish rescue of British Steel raises union concerns

MP fears Turkish military may be ‘enriched on the backs of the
labour of UK steelworkers’

Trade union officials and MPs have voiced fresh concerns about
the prospect of British Steel being sold to the Turkish military
pension fund.

Ataer Holdings, owned by the
Turkish army retirement fund

Oyak
, is in exclusive talks to buy British Steel out of
liquidation, with the result of discussions likely to be announced
within weeks. If it goes ahead, the takeover is expected to secure
the future of a site in Scunthorpe, one of the UK’s last two
blast furnace steelworks, as well as the jobs of more than 4,000
staff.

Source: FS – All-News2-Economy
Prospect of Turkish rescue of British Steel raises union concerns